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Ironically, anxiety and irritation about air travel are rising just as the industry is entering a period of robust financial health. Passenger traffic on U.S. carriers reached a record 418 million in 1986, up from 382 million the year before. During the first half of 1987, traffic rose another 15% or so. Wall Street analysts expect the 22 major U.S. carriers to earn operating profits of as much as $3.5 billion this year, far exceeding the previous record of $2.4 billion in 1984. Even TWA, a perennially struggling carrier now run by Corporate Raider Carl Icahn, is expected to enjoy...

Author: /time Magazine | Title: High Anxiety and Rage | 7/20/1987 | See Source »

...slump of the once robust dollar has been offset in part by bargain air fares across the Atlantic. Roundtrip tickets to such destinations as Paris, London, Vienna and Frankfurt can be found in some U.S. cities for as little as half the normal roundtrip coach fares. The cheapest tickets, though, are often restricted to certain dates and advance purchase...

Author: /time Magazine | Title: Destination: Europe | 6/29/1987 | See Source »

Such were the odds The Untouchables stacked against itself before its June 3 opening. Now, after drawing enthusiastic reviews and a robust $15.9 million in its first week, Paramount's gangster epic is starting to look like Beverly Hills Cop II, Too. The Eddie Murphy action comedy has earned a phenomenal $89 million in its first three weeks. But The Untouchables may challenge Murphy with durability, what the industry calls "legs." A.D. Murphy, Variety's guru of grosses, credits The Untouchables with a "most auspicious beginning. It could run all summer." Privately, industry honchos now believe by year...

Author: /time Magazine | Title: The Untouchables: Shooting Up the Box Office | 6/22/1987 | See Source »

...chance encounter with an Ezio Pinza record changed his life. Thrilled by Pinza's rich, robust tone, Ramey later enrolled in a summer workshop at the Central City Opera in the Colorado Rockies. "This was fantastic!" he exclaims. "There was everything -- dancing, acting, singing -- all combined in one art form. I decided I would give it a shot." In time, he found his way to New York City, where he supported himself and his wife Carrie as an advertising copywriter for a book publisher...

Author: /time Magazine | Title: Music: Giving The Devil His Due | 6/8/1987 | See Source »

...bankruptcy filing is a supreme irony since Texaco would be in robust financial health if it had never tangled with Pennzoil. In the U.S. alone, Texaco has 1.7 billion bbl. of oil reserves, worth $9.6 billion, and 5.l trillion cu. ft. of natural gas with a value of $3.l billion. Before last week, Wall Street analysts had projected Texaco's profits to be more than $650 million for this year and nearly $790 million...

Author: /time Magazine | Title: Texaco's Star Falls | 4/20/1987 | See Source »

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