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DALLAS: American Airline's decision to slash domestic prices on average by 50 percent has sent fares falling throughout the airline industry. United, Northwest and Continental all trotted out similar discount plans this weekend in markets where they compete with American, leaving only Delta and USAir undecided among the major US airlines about which way the money is blowing. Reservation phone lines and websites for airlines with a discount plan were jammed Monday as passengers scrambled to take advantage of savings that are good only for tickets purchased by March 3. American is offering a 50 percent discount on average...
...said fewer than 100 flights worldwide were affected by the walkout, comparing its impact to less than a bad storm at one of its hubs. Much to the joy of skittish travelers, American says it will be back to normal by Sunday. In addition, the airline announced it will slash some fares up to 50 percent and double mileage points to lure back alienated customers. The strike is suspended, but not over. President Clinton ordered a 60 day "cooling-off" period at 12:04 EST, invoking the 1926 National Railway Labor Act, which governs relations for the airline industry. While...
...said fewer than 100 flights worldwide were affected by the walkout, comparing its impact to less than a bad storm at one of its hubs. Much to the joy of skittish travelers, American says it will be back to normal by Sunday. In addition, the airline announced it will slash some fares up to 50 percent and double mileage points to lure back alienated customers. The strike is suspended, but not over. President Clinton ordered a 60 day "cooling-off" period at 12:04 EST, invoking the 1926 National Railway Labor Act, which governs relations for the airline industry. While...
More basic have been strategic questions such as how far to move toward the G.O.P.'s higher Medicare cuts and how much to slash discretionary spending in the later years of the five-year budget. Seasoned congressional hands, such as the departing Panetta and legislative-affairs director John Hilley, had argued for holding fast to what had proved to be a winning position last year. As Panetta said of Raines in an interview, "Inevitably, he's going to have to hold his cards when it comes to a negotiation." Raines and Bowles wanted to show more flexibility early...
Many managers can slash their way to profits. Act II, growth, is the tough part, and that's where Martinez is right now. "You can't shrink your way to greatness," he is fond of saying. Sears has gained 10 million sq. ft. of selling space, mainly for apparel, in areas reclaimed from storage rooms and furniture departments that migrated to their own stores. To stock the shelves, new merchandising chief Robert Mettler, recruited from Robinson's, brought in popular national brands such as Champion, Arrow and B.U.M. and launched fashionable Sears-designed garments (imagine!) such as the Canyon River...