Word: signifi
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Dates: during 1940-1949
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Down too went its transatlantic air-express rates, from $2.02 per pound to $1.17. Pan Am also shaved passenger rates on the New York -Lisbon run and on many a Latin American route. Signifi cantly, the drop in rates was greatest -as on the Atlantic routes - where the competition was keenest. Having sunk its knife deep into the hides of competitors, Pan Am then gave it a turn. Said Pan Am: when it gets its new planes now on order (see below) it plans to cut rates again...