Word: profitable
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Dates: during 1940-1949
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...Corp. to trade finished steel for K-F's pig iron. (He also made another deal, the committee found, with Cincinnati's David J. Joseph Sr., one of the big U.S. scrap dealers. For his scrap, Joseph got 8,254 tons of steel, and a tidy gross profit...
...jigs and dies for K-F's abandoned front-wheel-drive auto, aluminum scrap left over from experiments with car bodies. Koons told the committee he lost $500,000 on sale of the tie-in junk. But, through his steel, he netted a $14,000 final profit on the whole deal. The committee got an eye-opening account of how fast steel gets around in the grey market and how fast the price goes...
Hardest hit was United Air Lines, Inc., which had a $1,086,961 profit in 1946. The rise in costs, poor weather early in the year, and the grounding of all the new DC-6s swelled United's loss to $3,747,000. American Airlines, Inc., biggest domestic carrier, was also nipped by the grounding. Though its traffic (some 1.4 billion passenger miles) and gross revenues (nearly $82 million) were the highest in company history, its losses soared to $2,962,776 (from...
Only one major domestic line, Eastern Air Lines, Inc., showed a profit; but its net of $1,259,196 was only one-quarter of the year before. Pan American Airways Corp., partly because of currency restrictions (for which it had to put aside a "very substantial reserve"), turned in a profit of $2,960,000, slightly below 1946, despite a big expansion in operations...
...corporate profits were not too big, said the National City Bank of New York, after a survey of 3,102 corporations representing about 45% of the total U.S. corporate net worth. The companies had netted profits of $9,228,038,000 (37% more than in 1946), for an average return of 12.2% on net worth v. 9.5% in 1946. But. profit margins on manufacturers' sales, although up from last year, said the bank, were narrower than margins in "other years of active business...