Word: transatlanticism
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The awkwardness is particularly acute for Tony Blair, who since Sept. 11 has made a point of backing Bush at every opportunity. The transatlantic bridge he has labored to build and bestride has become too wobbly to bear his weight gracefully. A former aide to Bill Clinton says that Blair...
That strategy just might have worked. But Sept. 11 decimated the transatlantic trade - the airline lost $205 million in its most recent quarter - and now Eddington is shifting focus back to coach. Although he's cutting routes even as O'Leary is buying new planes, he hopes B.A. can take...
It began as an afterthought. It evolved into a journalistic tradition. Today it's an American institution with global resonance. TIME's selection of the Person of the Year highlights the powerful personalities who shape our world in ways both creative and destructive. Starting in 1927--when the editors invented...
Now the threat to the majors from the discounters has become very real. Carriers like Ryanair, easyJet, Buzz and Go, which concentrate on short-haul routes, have been almost impervious to the downturn in transatlantic travel. They're thriving. Ryanair, which earlier this month became Europe's most valuable airline...
What's changed? A sharp drop in transatlantic flights has put the no-frills airlines on top.