Word: trimly
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Dates: during 1980-1989
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...difficult for their larger competitors. The nine major airlines, those with annual revenues of more than $1 billion,* have seen their domestic market share slip from 95% to 87% during the past four years. Continental, TWA and Eastern are staggering under heavy losses and have launched risky strategies to trim costs. Braniff, which was pushed into Chapter 11 bankruptcy in May 1982, will probably not begin flying again under its new owner, Hyatt Corp., until March...
Nevertheless, the decline is having an impact. In Qatar (pop. 260,000), government ministries have been asked to trim their payrolls by an average of 20%. In the United Arab Emirates (pop. 790,000), officials are considering a reduction of as much as 22% in state employment. That would mean a loss of some 10,000 positions...
Little more than a year later, the boom has gone bust. ABC canceled its late-night effort and may trim the expanded 60-minute Nightline back to half an hour. CBS has reduced its Nightwatch to two live hours plus repeats, and last week announced further on-air staff cuts. Also last week, the ax fell on the best of the shows, NBC'S Overnight, which drew 1.5 million households a night but lost $10 million. Said Executive reducer Deborah Johnson: "Apparently cable is no longer viewed as such a threat " Explained Frank: "Overnight was our finest hour...
Greyhound, of course, has also benefited from deregulation. It is easier for the company to trim its route list because it is no longer required to serve out-of-the-way hamlets and small towns. Greyhound has given notice that it would like to cut trips to 98 communities in California alone. But the route changes have not come quickly enough to compensate for the company's falling ridership. Last year Greyhound Lines ran up an operating loss of $16.3 million...
...highlight of the rites was the unveiling at last of the radical keel that the Australians had kept carefully shrouded from view since their arrival in Newport last spring. Lexcen's design did not, as many pundits had said, sport a bulbous nose or a double trim tab. Its magic lay in the two one-ton deltoid wings drooping from the bottom of what, in effect, is a normal keel turned upside down; its trim tab is very narrow, however, with a strip of plastic fairing to make it even more effective. As Australia II had amply demonstrated...