Word: lata
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Dates: during 1970-1979
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That is the non-IATA creation of Freddie Laker, the fast-talking Briton who has long been trying to crack lATA's monopoly on scheduled service between London and New York City by offering a daily, no-frills, nonreservation shuttle service at a round-trip price of just $236 (v. $631 for a 14-21 day summer excursion fare). IATA members vehemently opposed him, warning that his "Skytrain" service would hurt the scheduled carriers on the New York-London run and compel them to cut their losses by curtailing flights on less profitable routes elsewhere. Well, surprise. Now that...
...still subject to approval by the U.S. Civil Aeronautics Board and foreign regulatory agencies, would be accompanied by a simplification of the crazy-quilt system of airline rates that now leaves passengers and travel agents alike confused. On the North Atlantic routes, there is a total of nine different lATA-approved rates, ranging from the standard first-class and economy tariffs through excursion fares to group-and age-related reduced rates. Those fares do not include the various charter deals now offered by many of the airlines and travel agencies (TIME...
Among the extraordinary works in this collection are a 14th century processional cross decorated with an enthroned Christ and symbols of the Evangelists from Borbona (see cut); and a superb 13th century Limoges enamel casket, borrowed from the Roman church of Santa Maria in Via Lata (see color pages). There are a number of pieces that, regardless of their function, are extremely beautiful as sculpture. One is an angel from the cathedral of Vetralla, carrying relics of St. Andrew. Made in the early 15th century by the Viterban goldsmith Pietro di Vitale, it has a severe columnar air that distantly...
...confrontation looks like a scene from the United Nations on one of its wilder days. On one side are the small-nation airlines and their allies-a majority of the membership-which favor retaining lATA's price-fixing power and the relatively high prices that the cartel has set. On the other side are the superpowers, eager for lower fares and resentful of the majority's dominance. Said one big-four negotiator in Montreal: "We're sick and tired of little airlines like Air Afrique telling us what we can charge on routes they...
...IATA rule that all price changes must be ratified unanimously by the membership. The new proposal would require the approval of only 70% of the lines that actually fly the route in question and would seriously weaken lATA's price-fixing power. Though most members oppose such a move now, the threat by the big four to withdraw from IATA may change their position. "We need an industry association," says Air Canada President John Baldwin. "The only question is whether or not it should have the power to set fares...