Word: 6bs
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...early '60s, the airline's piston-powered DC4s and DC-6Bs were usually packed with Americans doing Europe on $5 a day. Business continued to boom after the line switched to nonstop jet service, which was still at cut rates. In 1977 Icelandic carried 240,000 passengers. But then came Freddie Laker's Skytrain flights and subsequent price slashing by the major airlines. Budget flyers could now skip both Reykjavik and Luxembourg and still save money. After losses of $15 million last year, Icelandair, its official name since 1979, slashed the number of transatlantic flights from...
...route. Pacific Southwest has ordered five 727s and Western four 720B jets to throw into the battle. Both United and TWA have lowered their one-way jet coach fares from $23.70 to only $14.50 to compete with Western's rock-bottom $11.43 flights on venerable DC-6Bs. Western promptly lodged a protest with the Civil...
...travel, it pays the airline subsidies up to 30% on each ticket. West Berlin businessmen, doing 80% of their business outside the city, shuttle continuously by air to West Germany. For foreign tourists in Germany, the Berlin Wall has become a sightseeing must. Pan Am, flying 15 older DC-6Bs that are more economical than Air France's Caravelles or BEA's Viscounts, profits handsomely on yearly revenues of around $15 million...
Against the competition from more than 100 huge jetliners flown over the Atlantic by the world's leading airlines, tiny Icelandic Airlines has pitted only five oldfashioned, slow, piston DC-6Bs...
Last week Icelandic moved to offer a little more speed along with the low fares. For $8,000,000 it bought two Canadair CL-44 turboprops that will cut Icelandic's New York-to-London flying time to eleven hours, compared with 16 hours for the DC-6Bs and six hours for the jets...