Word: usair
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...Large combined airlines command so much market share at some airports that the carriers may be tempted to raise prices with virtual impunity. At least three carriers control more than 80% of the business in their main hubs: Northwest Airlines in Minneapolis, TWA in St. Louis and USAir in Pittsburgh...
...rapid consolidation within the airline business may soon test the limits of the Administration's willingness to go along with the megamergers. Last week Piedmont Airlines announced that it had accepted a $1.6 billion bid from USAir, which already has a deal in the works to buy Pacific Southwest Airlines for $400 million. The combination of the three carriers would create the seventh largest U.S. airline, controlling about 7% of domestic traffic. But USAir is itself the target of a $1.6 billion bid by TWA. Carl Icahn, the corporate raider who became TWA chairman last year, may envision...
Description: Five illustrated charts, actual or proposed mergers involving Dart Group, Supermarkets General, USAir, Piedmont, Harcourt, Harper & Row, Reebok, Avia, Donald Trump, Resorts International...
While a few airlines, notably USAir, have been consistently strong, many are only beginning to recoup the vast losses they endured in the late 1970s and early 1980s. They will need several seasons of robust business to become hale and hearty fliers again...
Said one Pan Am official: "The really good people didn't necessarily want it be cause the airline is in something of a mess." Seawell himself had interviewed A.L. Feldman, the president of Continental Airlines, and Edwin I. Colodny, the chairman of USAir, in an apparent attempt to pick his successor, only to be rebuffed at the time by both...