Word: weaker
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Dates: during 1990-1990
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Hard times in the airline industry have left a few strong carriers with most of the traffic and a handful of debt-ridden ones struggling to stay aloft. Last week two of the weaker airlines decided that a merger may help them survive. TWA chairman Carl Icahn, who began pursuing a merger with Pan Am two months ago, finally persuaded the rival carrier to agree tentatively to a deal. Under the terms, TWA would acquire Pan Am for $375 million, or $2.50 per share in cash and securities. The merger, however, depends upon Icahn's ability to provide a bridge...
...Crimson never really found its shooting touch, scoring at a 39 percent clip on the night. It was even weaker from three-point range, sinking only 3-of-16. But Harvard played a fundamentally sound game, committing only 15 turnovers, tallying 20-of-26 from the free-throw line and getting great ball movement...
...just that, rolling over a weaker Farleigh Dickinson squad, 87-61, in the opening game of the Fairfield Tournament in Fairfield, Conn...
NOTEBOOK: Harvard continues road playthis weekend, travelling to Maine to take onBowdoin Friday and Colby Saturday. Both squads areamong the weaker teams in the ECAC
...industry particularly hard. For Continental, the doubling of fuel prices increased monthly expenses by $80 million. To pass along some of their higher costs, several carriers boosted airfares last week for the third time since August. Still, the higher fuel prices seem certain to intensify airline industry consolidation as weaker companies falter. Continental, which filed for bankruptcy in 1982, narrowly avoided a second reorganization last week when its management decided instead to consider selling planes and other assets. Pan Am meanwhile agreed to sell some of its few remaining crown jewels -- principally its London routes and gates -- to United...