Word: stinko
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Dates: during 1990-1999
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Passenger-traffic growth was anemic for the year even before the gulf crisis erupted. Domestic passenger miles have increased only 2.7% this year, while the foreign business of American carriers has grown 17%. But the airlines are watching a relatively slow year turn into a disaster. The financial outlook: "Stinko," declares Robert Crandall, chief of American Airlines, one of the healthiest carriers. Michael Durham, the airline's chief financial officer, blames the fuel jolt as the No. 1 problem. "There's very little you can do when a commodity that represents 15% to 20% of your total operating costs goes...