Word: cabs
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...between two mountains of conceit," last week had something to crow about. The Civil Aeronautics Board, which ordinarily renews the certificates of "feeder" airlines for only three years, broke precedent by issuing a seven-year renewal to North Carolina's tiny but fast-growing Piedmont Airlines. In addition, CAB awarded Piedmont four new routes, and gave Piedmont a public pat on the back for its "outstanding record...
...months, four big U.S. airlines have been waiting for the formalities that would merge them into two bigger systems-Colonial with National, Capital with Northwest. Last week, to the surprise of the lines and CAB, which had urged the mergers, the deals were off. Colonial and Northwest stockholders had turned them down...
...from these dim millions that the columnist gets his response. There's fan mail, of course, but the public is not in a position to know. It's at the Metropolitan Club, from the retired administrator stepping out of a cab, or the head of a Government agency pulling off his coat in the lobby, or the Senator on his way up in the elevator to the bar, that he learns whether his words have hit a mark. A Washington column is the record of conversations among very important persons...
...outstanding common stock, would have 6,474 domestic route miles and be sixth biggest in the U.S., assuming that other pending airline mergers go through. (Including the Northeast and Capital routes, the new line would have 10,967 unduplicated miles, but would still be sixth.) If stockholders and CAB approve the deal, Carleton Putnam, chairman of C. & S., will become chairman of the new company; Delta Boss Woolman will be president...
...Board. In less than a year, the company's operating cost per revenue ton-mile jumped 27%. Its net profit for 1952's first quarter was $628,000, compared to last year's first-quarter net of $2,915,000. All the other big lines told CAB the same story; all wanted to raise their fares. Last week CAB authorized a $1 hike on all airline tickets, whether for a 50-or a 3,550-mile trip. Estimated cost to air travelers: $16 million a year...