Word: twa
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Dates: during 1960-1969
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Good management requires the ability-and willingness-to profit by a rival's example. Thus, after watching Pan American build its subsidiary chain of Inter-Continental Hotels into a highly profitable operation, Trans World Airlines decided to take similar care of its own globetrotting passengers. Last week TWA President Charles C. Tillinghast Jr. and Conrad N. Hilton, chairman and president of Hilton International Co., announced that they had reached a preliminary merger agreement...
...almost 200% over the past five years, estimates that 1966 income will rise to $122 million. Its hotels are located along a necklace of cities that would start even a stay-at-home packing. Among them: Acapulco, Paris, Athens, Bangkok and Hong Kong, all on present or pending TWA routes...
Fort Wayne, Ind., is a base for 19 important industries, but the visiting businessman who attempts to reach them by air often has a hard time-because Fort Wayne, in spite of its population of 162,000, does not generate sufficient air traffic to maintain a busy commercial schedule. TWA two years ago dropped it as a scheduled stop; United and Delta still serve the city, but outbound travelers have to scramble for seats on planes already filled before they reach the city's Baer Field. The result is that Fort Wayne, in an age when most businessmen...
While American was ahead with the ads, most of the ten airlines that have ordered a total of 81 of the whalelike Boeings (at $20 million each) have expansive notions about how to compart them. Pan American is pondering whether to put a piano bar aboard. TWA is contemplating a cocktail lounge and a nursery for children. To make room for such amenities, the airlines will sacrifice payload. Though designed with a 490-seat capacity, the 747s due for delivery starting in 1969 will actually carry from 340 to 390 passengers...
...Bristol Siddeley is mak ing the engine. France's Sud-Aviation is responsible for the wings and midsection. To break even, the builders will have to sell about 140 Concordes at $16 million each; already 60 are on order, including eight for Pan Am, six apiece for TWA, United and American airlines, three for Continental, and two for Eastern...