Word: sellouts
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...most stunning development was Texas Air's agreement to buy Eastern Airlines for about $600 million. For Eastern Chairman Frank Borman, the deal was an unfortunate, but unavoidable act of a company close to bankruptcy; for many of the employees it was a shameful sellout; and for the rest of the industry it was a shocker. If the merger goes through, it will create the largest U.S. airline, flying some 55 million passengers annually and serving 212 domestic and 71 overseas destinations. United would drop to second...
...Eastern, the sellout is a rough landing after years of financial turbulence. The airline expanded too aggressively in the 1970s, taking on a crippling debt load to buy new aircraft. In the 1980s, fare wars slashed revenues while labor costs had got out of control. The carrier's pilots now , make an average of $112,535 a year, almost twice what Texas Air skippers receive. Eastern has slipped repeatedly into the red, and its comebacks never seem to last. After managing a $73 million profit for the first nine months of last year, the airline lost $67 million...
...take home the ECAC regular season crown for the second straight year, RPI must win its remaining four games--including its showdown with Harvard in front what promises to be a loud sellout crowd at Bright. Meanwhile, the Crimson must lose two of its remaining three games against Vermont, St. Lawrence and Clarkson...
...read a telegram from Rock Hudson, the veteran movie and TV star who acknowledged last July that he had been stricken with the illness, which is almost invariably fatal. Hudson's disclosure sent shock waves through the West Coast movie establishment. More than anything else, it accounted for the sellout attendance at last week's $250-to-$500-a-plate dinner, raising an estimated $1.2 million for AIDS Project Los Angeles, a group that provides assistance to victims of the disease. Too sick to attend, Hudson referred poignantly in his message to his new and unwanted recognition...
...Wilson's typically elliptical spoken texts and allusive stage pictures of railroad trains and spaceships. There were no formal arias or indeed any set pieces at all; a small chorus sang "One, two, three, four, five, six, seven, eight" and solfege syllables (do, re, mi) over hypnotic, relentless music. Sellout audiences loved it. The work toured Europe and then came to the Met in November...