Word: profitably
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Dates: during 1970-1979
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...midnight meetings in obscure hotels and sometimes hole up for weeks in a studio screening room, subsisting on cookies and milk while watching nonstop reruns of old flicks. The studio had few postwar hits; its executives revolted; and in disgust Hughes sold RKO in 1954 for a small profit to the General Tire and Rubber...
...Small Profit. Last year the nation's 11 major scheduled lines had a collective loss of $110 million v. a profit of $321 million in 1974. Only five carriers managed to make a profit in 1975: Northwest, Delta, Braniff, Western and National. The nation's largest line, United, which on top of everything else was grounded for 16 days in December by a mechanics' strike, registered a loss of $7.7 million for 1975-and has already dropped another $35 million in the first two months of this year...
Most airline chiefs now agree that the improving economy is brightening airline prospects. Traffic in the first three months was roughly 15% above its 1975 level and the industry, lifted by the performance of its strongest lines, has hopes of making an overall profit this year-perhaps as much as $200 million. Even the most troubled carriers -American, Eastern, TWA, Pan American and United-are not expected to show catastrophic losses, and some could even produce a small profit...
Unscrambled Routes. A new federal agency, the U.S. Railway Association, has tailored ConRail to make the best of this difficult situation. U.S.R.A. planners first unscrambled a spaghetti-like jumble of freight routes to find the combination with the most profit potential. That meant abandoning 3,000 track miles completely and operating another 3,000 miles of lightly used track only with Government subsidies. Next the planners got Congress to approve $2.1 billion in federal loans; that money, with another $4.7 billion in expected revenues, will be used over the next decade to upgrade tracks and buy new trains. Because ConRail...
...rivalry in copiers can only add to the company's problems. Xerox had got into computers in a diversification move but last year was forced to quit the mainframe-computer business (TIME, Aug. 4), taking an $84.4 million write-off-which was not included in the 1.8% profit decline...