Word: twa
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Dates: during 1960-1969
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Compared with last year's reservations for flights from April 1 to July 1, Pan Am's bookings to Europe are up 30% and TWA's 58% . Even more spectacular is the surge in reservations for flights to the U.S.; Alitalia and BOAC both have increases of more than 100% , while Air France, SAS, KLM, Lufthansa and Swissair have gained 12% to 30% . Airline executives expect a record number of tourists to be attracted to the U.S. by the bargain fares, coinciding as they do with the opening of the New York World's Fair...
...single year. Giant IBM and DuPont both set new earnings records. Hardly any segment of the economy failed to gain. Most of the once ailing railroads made healthy profits, and the airlines, which only two years ago were in a financial tailspin, climbed to new heights of profit. TWA turned a $5,700,000 loss in 1962 into record earnings of $19.7 million last year. Many of the smaller steel companies nearly doubled their earnings in 1963, and giant U.S. Steel, now in the throes of a major reorganization, achieved its highest profit -$202 million-in three years...
Bitter Controversy. The fastest rise in air-freight shipments has been among the major U.S. trunk airlines-United, TWA, American and Pan American-which are predominantly passenger carriers. This fact has involved them in a bitter controversy with the all-cargo lines, such as Slick and Flying Tiger, which claim that the encroachments of the big lines could drive them out of business. Most of the big lines are losing money on their cargo operations, but these losses are balanced out by the current rich profits from passenger travel. The Civil Aeronautics Board, sympathetic to the plight...
...first thing soft-spoken Floyd D. Hall did when he moved into the president's office at Eastern Airlines last month was to hang his framed TWA pilot's wings and captain's stripes on the wall. The act was symbolic; only a few days later, Captain Eddie Rickenbacker retired after 26 years as Eastern president, and later chairman, leaving Hall in complete command. Hall, 47, is already reshaping Eastern from top to bottom, stressing detailed economic planning, improved cabin service, and a hard sell to win more passengers. Though the line has lost $41.5 million...
Eastern's new boss is articulate Floyd Hall, 47, who resigned as general manager of Trans World Airlines to take the job. A hard-nosed administrator, Colorado-born Hall joined TWA as a co-pilot in 1940, worked his way up through the flying side until he was appointed general manager in 1961. He has played a key role in turning faltering TWA into a thriving airline...