Northwest Arkansas Times from Fayetteville, Arkansas on October 9, 1974 · Page 7
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Northwest Arkansas Times from Fayetteville, Arkansas · Page 7

Fayetteville, Arkansas
Issue Date:
Wednesday, October 9, 1974
Page 7
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Northwest Arkansas TIMES, Wed., Oct. 9, 1974 FAYITTXVILLI, ARKANSAS ' Airlines Improve Profits WASHINGTON (AP) -- The nation's domestic airlines have . improved their profits as a result of the energy crisis and ihis might be their best year ..since the '60s. · The domestic airlines are carrying more passengers than ;last year. The traffic upsurge plus rising air fares and fewer ·flights were the principal rea- ; sons the nation's entire airline .'industry earned $191 million in the first halt of 1974. The profit ·/was despite huge Josses for Pan "American World Airways and Trans World Airlines, the international carriers. ' By comparison, the industry's net profit was only $34 million jin the first six months of 1973 i-- a difference of 461 per cent. -, Third quarter earnings will =be announced in late October. ·IChecks with 10 major airlines .'indicate that passenger volume ·Remained high and the (hire 'quarter, therefore, was profit;:able. In last year's third quarter the airline industry earnec '5148 million. The third quarter for airlines is, traditionally, the best, and the fourth is the worst. Not since 1966 and 1967 have airline industry profits seemet su healthy. In each of those years, the companies--30 all--earned over $400 million Then profits declined. Thi year's net income could exceec. 5300 million. It was less than $200 million last year. FARES HIGHER Passengers are not as fortu nate. Domestic air fares hav risen 11 per cent since the fne liortage slarled last fall. A, lie-way coach ticket between! os Angeles and New York, for xamplc, has gone from $168 to 187. Thus f a r , the domestic Mines haven't asked the Civil .eronautics Board for another are increase. But one airline resident -- Eastern's Floyd lall -- says a 5 per cent hike is. ecessary before year's end to ay for costlier fuel. International air fares have isen even more sharply than omestic -- 18 per cent on \'orth Atlantic routes. An addi- ional 10 per cent is sought for fov. 1. A round-trip economy icket between New York and .uiidon would go from $726 to ,764. It was $626 last fall. The healthy domestic airlines are in sharp contrast to Pan Am and TWA. Their big prob- em was passengers. While the iber carried on domestic airlines jumped 5.4 per cent in he first seven months of this vear, according to the latesl Air Transport Association -figures, international traffic has 'alien 15.1 per cent comparec with the first seven months ol 1S73. HOME VACATIONS Dollar devaluation, unrest in Mediterranean countries and the higher air fares apparently convinced many Americans to vacation at home. Domestic carriers, especially those flying to vacation resorts, picked up ranch of this traffic, ATA sta tistics indicate. Allegheny Airlines, which op erates a number of flights be tween 200 and 300 miles in ength. believes it has many service carrier, increased its rst-time riders who traveled -'"- '-- *' " """" "'" y car until "chased off the ighways" by fuel shortages nd higher gasoline prices. The fuel shortage last winter r o m p t e d airline savings trough cutbacks in [lights and n the labor force. However, the unexpected growth in traffic las resulted in many of the domestic flights being restored and in most of the 17,000 fur- oughed employes being recalled. U.S. airlines operated 15,200 .lights per day in July, 1973. This was cut back nearly 25 pel- cent at one point in the energy crisis, but is back up to 14,200 lights today. FUEL A FACTOR Airlines that were profitable efore the fuel crisis generally lave shown the largest profits so far this year. But the fuel shortage also reversed the financial decline of two major arriers. Eastern, which lost $10.5 mil lion in the first seven months last year, made $15.5 million in the same period this year. American's turnaround was even more spectacular. It los ?33.2 million in the first seven months a year ago, but made $12.7 million in the same perioc this year. The nation's largest airline United Airlines, showed a profi of $56.5 million for the first sev en months. That's .an improve ment of nearly $40 million ove last year's profits of $16.8 mil lion in the same time period. "Allegheny, the largest loca rofils from $1.2 million in the rst seven months of 1973 tc 7.3 million in the same 1974 eriod. Perennial money-maker Del j Airlines made even more loney, showing a bottom-line f $50.4 million fo rthe first six lonlhs of this year compared vith $34.7 million a year ear Auto Interlock Removal Okayed WASHINGTON (AP) -- Sen lie and House conferees 'hav 'oted to eliminate the auto in erlock system which prevent i car from being sSarted unt' seatbelts are fastened. Under an agreement an nounced Monday, an eight-sec ond warning buzzer would b retained to tell drivers and pas songers when seat belts are no 'astened. But the continous bu- zer now in use on most lati model cars would be dropped. The agreement also would a low interlock syslems on 197 cars to be disconnected unde certain -circumstances. Conferees also gave the se retary of transportation antho ity to order installation of pa sive-restraint safety device such as air bags in the futur However, they approved a fo mula allowing any Tran portation Department propos to be rejected within 60 days b a majority vote of both House New Role Seen PHILADELPHIA (AP)' -- prmcr President Richard M. ixon would serve the country ell as a roving ambassador, is daughter Julie Nixon Eisen- ower says. "I'd like to see him get in- olved in some way in helping :ie country as a roy'iip am- assador." Mrs. · Eisenhower old television personality Mike Douglas. "I feel it would bo really a ragetiy if his gift tor working I'ith foreign leaders and for ommnnica.ting so well in all is experiences in world affairs -- it those weren't put to use." Farmer Killed JAKARTA, Indonesia (AP) -'he pilot of an Indonesian Air Force jet bailed out of his crippled fighter safely before it crashed in Central Java, but be ejection seat droped on a armer in a rice field and killed rim, the air force reported today. COMING SOON! P A I N T · 19 Valuable Prizes · Free Gifts for Adults · Exceptional Values · Balloons for Youngsters 2844 North College JOIN RUSH! Yes, it's time for you to join the rest of the many people In this area who have discovered the easy way fo sell those extra items around the house. Join the gold rush . . . those users of the TIMES Want Ads who know the best way to turn "don't needs" Into extra cash. Just collect the articles you'd like to sell and dial the number listed below. A courteous Ad-Visor will help you word your ad for speedy results. Classified Ads Phone 442-6242 Ark. Ft«v* . BSW-T1T1 VALVES K'.oflel '1730 Simulated TV Reception Save $ 10O 25" Diagonal Videomatic Solid State Color Console Model 4730 has. an "electronic eye" which actually watches for changes in room light "i . . and instantly and automatically adjusts the picture's, brightness, contrast and color to the: changes it sees. You get ideal viewing in any light, any room. It has one button tuning . . . and 100% solid-state chassis. Priced slightly higher as model 4731 with Remote Control. 549 .Mode! -1230 Simulated TV Reception Save $50 17" Diagonal Videomatic Color 100% solid-state and a solid v a l u e . . . model 4230 automatically adjusts its own picture to changing room light. It also features one- button tuning, the Precision in-ling Tube System that requires no color convergence adjustments, plus detent tuning on both UHF and VHF. It even has a private listening earphone. Appliances--DILLARD'S--Second Floor Now., .Three Convenient \\fcys To Charge The« two popultr ctedH urdt ptu» your DniarcTt credit card .. M An DH.IARD-S ml DILLARD'S PMter-Bltu store* In AtfcintM i^^jjisaKmiiiffi^^ Open Monday Through Saturday 10 a.m. until 9 p.m. 349

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