Word: patterson
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Dates: during 1940-1949
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...advertising, publicity and traffic; Hal E. Nourse, who runs the economics planning section; and Ray Ireland, ex-colonel and deputy chief of staff of the Air Transport Command (he gave Elliott Roosevelt's dog, Blaze, his ill-famed plane ride). Ireland makes the policy decisions when Patterson is not available...
...Patterson figures he will carry 2,325,000 passengers this year, more in the future. He has already ordered the planes to do the job: 35 DC-6s, seven Boeing Strato-cruisers, 50 Martin two-motored 3035. Unlike some other lines, United did not over-order, has not canceled an order for a single plane. Nor has it had to scratch for cash to pay for them. Recently it raised $49,000,000, got even conservative Metropolitan Life Insurance Co., which had never invested in an airline before...
...Chosen Instrument. One of the things Pat Patterson's economics division has told him is that the international air policy of the U.S. is all wrong. When it first told him this, Pan American Airways' smart Juan Trippe was plumping for the Chosen Instrument. When Patterson supported Trippe, the other domestic lines went after him like a flock of hawks. But Patterson has stuck to his guns. The current U.S. policy of regulated competition, on international routes, says he, will not work. He has some claim to impartiality in the argument. United was-and is-the only...
...Patterson thinks that events are proving him right. All three of the lines-American, T.W.A. and Pan Am-to date have lost money on their transatlantic routes, at a time when they had the field virtually to themselves...
...foreign competition is increasing, much faster than anticipated. In the first half of 1946, U.S.-flag lines were carrying 96% of transatlantic traffic. By last week, although overall traffic was up after the bad winter, the percentage was down to 79%. U.S. lines, Patterson felt, could not compete among themselves and with government-backed foreign lines as well. To lick this foreign type of monopoly, he would set up U.S. monopolies...