Word: upturns
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...away from standard fixed fares with varying degrees of horror and resignation. The airlines are at last making money again: having lost by one estimate $94 million as recently as 1975, the major carriers could collectively earn a record $500 million this year, thanks partly to a post-recession upturn in air travel. But bargain plans will almost always have a "modestly negative" impact on earnings, insists Theodore Shen, airline analyst at Donaldson, Lufkin & Jenrette. So why are the airlines slashing fares...
...industry seems to be starting on an upswing. Although McDonnell Douglas' deliveries of DC-9s and DC-10s will drop from 65 in 1976 to 37 this year, the company has already booked orders for 54 planes to be finished in 1978. Executives and industry analysts expect the upturn to continue. Some airlines have more money to buy planes because traffic is rising and earnings are improving (even Pan Am may report a profit for the first time in nine years...
Last week, for example, the Government reported that both personal income and industrial production rose more than a percentage point in November. In Seattle, Boeing announced that it would hire up to 4,500 workers because of an upturn in aircraft orders. In Detroit, Ford Motor Co., recovering from a month-long strike, said that it would raise capital spending to $2 billion next year, an increase...
Record Year. General Motors officials said that 1977 could be a record year, with car sales hitting 11.25 million, slightly ahead of this year. Bank loans have shown an upturn, indicating renewed business demand. Though reports on Christmas sales are conflicting, merchants at least hope they will wind up with a gain. Says James Lutz, executive vice president of Chicago-based Montgomery Ward: "The weather is with us, and we're going to have the best Christmas ever...
...British Surgeon Walter Robinson insisted that he would perform the operation only in a hospital. Hughes relented?but he demanded to leave the clinic before the fracture had properly mended. Result: he refused even to try to walk again. From then on, his life, which had seemed on the upturn, took a tragic downward plunge. He was taken to the Xanadu Princess Hotel in Freeport, where the Bahamians this time were happy to welcome him. Then, after two years, he was moved again?this time to the pyramidal Princess Hotel in Acapulco...