Word: twa
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
There had never been anything quite like it in the aviation industry. The first to talk was Jack Frye, the burly, kinky-haired president of Transcontinental & Western Air, Inc. Said he: TWA has spent $30,000,000 to buy 36 Constellations, Lockheed Aircraft Corp.'s eel-sleek, 340-mile-an-hour airliner...
...Little Routes. The main fight for the potentially fat little interstate routes is between the big established companies and the small independent operators. Big Western Air Lines - already sparring with United, TWA and Continental for the juicy Denver-Los Angeles run - popped up in Denver last week to tell CAB it also wanted to operate feeders. Along came Frontier Airways, Inc. to say it should be the one to cloverleaf the Denver area with feeders. It had no planes, no pilots and no experience, but it had $100,000 in subscribed stock, and was backed by big Braniff Airways (TIME...
First-quarter earnings for the airlines plummeted from 1943's high level. Net profits for United, American, Eastern, TWA-the big four that handle over 80% of all U.S. air traffic-were 38% lower; earnings for many of the smaller companies were down even further...
This meant that despite a phenomenal 90% passenger load, record air express cargoes, and higher gross incomes, the industry was barely hedgehopping over the financial woods. TWA crash-landed in the red, losing $92,420 ($357,352 profit last year). Pennsylvania-Central and Western Air Lines lost $77,682 and $17,565 respectively. American, its net down 47%, still cleared the trees by $597,796. Well-managed United fared best, settling down to a $1,110,083 profit-almost as good...
Next, Jesse A. Blevans, North American Aviation test pilot, drew a six-month suspension from CAB for flying a B-25 Mitchell bomber within 150 feet of a TWA plane near Adrian, Tex. Blevans, who had no previous incidents charged against him, admitted his error .in cutting in front of the transport, which was rolled over at a 45° angle by his propwash...