Word: round
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Dates: during 1980-1989
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...other carriers, which are also raising prices about 10% on their regular fares at the end of April, maintain much higher basic rates. Sample round-trip fares from New York: London, $639; Paris, $679; Rome, $799; Frankfurt, $734; Tel Aviv, $799; Tokyo, $1,305; Peking, $1,544. But then come all the different kinds of discounting: midweek flights are cheaper; so is APEX (Advance- Purchase Excursion rate, a round-trip ticket bought at least two to three weeks in advance). And then come discounts on discounts: if, for example, you cannot buy an APEX ticket 21 days in advance...
...pressure of competition has an effect. British Airways and TWA are fighting People Express by selling $199 standby fares to London. Pan American last week offered special discounts just to mollify travel agents and passengers inconvenienced by its recent strike. It granted $25 discounts on all round-trip tickets bought through any agency for travel on or before May 31, plus $100 coupons for any flight after...
These various deals have narrowed the price gap between scheduled airlines and charter carriers. Last year five major charters went into default, but the five survivors expect a 20% increase in business this year over 1984. Sample round-trip charter rates from New York: London, $512; Paris, $507; Rome, $607. Standby fares are $100 less...
...eight years since George Foreman lost a twelve-round decision to Jimmy Young in Puerto Rico and moments thereafter found the Lord. There were those who blamed the former heavyweight champion's immediate change of plans --he gave up boxing--on hallucinations brought on by heat prostration. But Foreman said that, to his mind, an oppressively hot night in San Juan was one thing, a call from God something else, and he knew the difference. Off came the gloves...
...products company that has been fighting off the interloper since December. The day after the Goldsmith proposal, Icahn said he would pay $305 million for 51% of Uni-royal, a tire and chemical manufacturer, which immediately spurned the deal. The moves were only the latest in an increasingly frenzied round of takeover brawls and mergers. Last month Capital Cities Communications agreed to pay $3.5 billion for the American Broadcasting Cos. in what was then the largest U.S. merger outside the oil industry. That record was topped two weeks later when Hospital Corp. of America and American Hospital Supply agreed...