Word: vitalize
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Dates: during 1980-1989
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...decades, the operation of the Panama Canal has dominated relations between Panama and the U.S. However, strategically and economically, the canal is no longer the vital crossroad it once was. Since World War II, the U.S. has developed fleets in both the Atlantic and Pacific as well as major ports on both coasts. Today U.S. military vessels make only about 30 trips a year through the canal; the Navy's largest carriers are too big for the locks. "It's only useful now to do some rearranging of the fleet in preparation for war," says Ambler Moss, a former...
...competitive weapons in the major airlines' arsenals, perhaps the most powerful is one that never leaves the ground: the computerized reservation system. More potent than frequent-flyer programs or discount fares, these systems have become vital to an airline's ability to compete and survive. Says Julius Maldutis, who follows the industry for the Salomon Brothers investment firm: "Automated reservation systems are dividing the industry into the haves and have-nots. Those with them are becoming the big eagles. Those without, sitting ducks...
What makes a network so vital to the airlines is its ability to arrange a dizzying permutation of planes, routes and available seats in the most profitable configuration possible. Each day, 600,000 fares change in the airline industry, which high-speed computers can constantly update to help an airline allocate seats. Without the computer systems, for example, airline managers might fill planes with passengers flying free on frequent-flyer coupons when at least some seats could be sold to business travelers at full fare...
...cannot. Let me point out that the U.S. refuses to rule out the possibility of the use of force in a situation that, in the U.S. view, threatens American "vital interests...
...decade of dogfights and mergers has eliminated hundreds of competitors, leaving control of the industry concentrated in fewer hands than ever before. -- Why computerized reservations systems have become vital to an airline's ability to compete. -- Under tough-guy chairman Robert Crandall, American Airlines is the leader in profits and popularity. -- A British advertising juggernaut bids for Ogilvy & Mather...