Word: profitability
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Dates: during 1970-1979
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...Profits are probably the most critical of economic weather vanes. They both measure the current pace of business and offer some vital clues as to whether employers will be able to raise the job-generating capital that is vital to the U.S. free-enterprise system (see ESSAY). In both areas, the profit vane presently seems on target: wavering slightly, but still pointing toward more growth. During the period of explosive recovery in the first three months of the year, corporate profits staged a dazzling comeback from the depressed levels of the nation's worst postwar recession. Then, as many...
...most economists are not unduly concerned by the slowdown. They continue to prediet a 6% increase in real G.N.P. (not counting inflation) for the remainder of this year and a reduction in the level of joblessness to 7%. Even so, growth in second-half profits is likely to slow down. One reason for the strong first-half showing is that companies were able to raise prices faster than their labor costs went up, thus improving profit margins. That advantage will diminish in the months ahead as the economy picks up momentum and industry comes closer to using its full capacity...
American, the third largest carrier, showed a $24.8 million profit for the quarter, v. a loss of $1.5 million last year. Like the other airlines, American was favored by extraordinarily good business in June as school let out, vacations began and Bicentennial travelers lined up at airline ticket counters around the nation. In June alone, TWA earned $24.4 million, more than four times the total for June of last year; the performance was enough to pull the nation's second largest carrier into the black for the second quarter and to cut losses for the first half from...
...Profit Plan. Some of the gains were not all they appeared to be. Pan American's net, for example, included an income tax credit of $30.8 million from prior losses; the airline has not turned a year-end profit in seven years and is selling off some of its older 707s to other airlines. At Miami-based Eastern, net income for the first half increased ten times, and the second-quarter results of $19.5 million were the best in the company's history. But part of the increase was due to a temporary wage freeze urged by former...
Such Germanization succeeded brilliantly. Granada sales in the first four months of 1976 ran at an annual rate of 111,000, and sales of other Ford cars are climbing too. In one of his last acts as president, Lutz announced that German Ford had earned a record $111 million profit in 1975. Ford's share of the German market is up to 14.9% (v. Opel's 17.9%), and it should rise further in the fall with introduction of the Fiesta, a minicar that will be made in Germany, Spain and Britain to compete with Volkswagen's Rabbit...