Word: twa
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...last week's disaster could endanger both the turnaround and TWA's future. Comparisons were being made to Pan Am, a troubled company that ultimately couldn't survive the bombing of its Flight 103 over Lockerbie, Scotland, in 1988. The disaster cost Pan Am hundreds of millions in canceled bookings, which helped put it out of business in 1991. Even before last week, some observers were questioning TWA's long-term outlook. Scott Hamilton, editor of the trade publication Commercial Aviation Report, told Bloomberg Business News earlier this month, "If anything goes wrong of significant consequence, like another Iraq invading...
...Another said his girlfriend was "real excited--she talked about it for months." Only one voyager had second thoughts, telling a friend, "I'm too scared." In the end, she gathered her courage, persuaded another French club member to sit next to her on the flight, and boarded TWA...
...TWA today is much stronger financially than Pan Am was post-Lockerbie. Pan Am quit the skies during an industry-wide recession. By contrast, U.S. airlines are in the second year of a recovery, and Erickson said last week that TWA was in "the best financial condition in a decade." He contended that TWA's summer bookings had not been affected by the tragedy. One fiscal casualty: the airline was forced to postpone an 8 million-share offering last week. Before the disaster, Erickson noted that "we like to think of ourselves as a 72-year-old start...
...When TWA Flight 800's passenger list was finally released, the grief it itemized was distributed evenly, with two exceptions: Stevenson, Alabama, which lost five citizens; and Montoursville. The French club sent 16 kids, ranging in age from 14 to 18, to fly to Paris, along with five adult chaperones. Since then, America has seen a hundred snapshots of the town's grief: a boy in a turned-back baseball cap ducks his head in silent contemplation; a woman comforts a girl in front of a sign exhorting students to have a safe summer. A boy who played sports with...
More than 7 1/2 years ago, my only child, my daughter Theo, was murdered by the terrorists who blew up Pan Am Flight 103. So it is with a very personal and special pain that I have watched the events following that other explosion in the sky, TWA Flight 800. In particular I suffer over what the families are going through and will go through, all of which will be made worse by the way America tries to pretend there's no such thing as tragedy. The great grief scam has begun again...