× The Vanderbilt Television News Archive is currently closed to in-person research, but is still fulfilling loan requests. For the latest information about COVID-19 (coronavirus disease), visit vu.edu/coronavirus.
Search the Archive

Economy / Airline Squeeze #26787

ABC Evening News for Wednesday, Jul 18, 1973
View other clips in this broadcast →

Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.

(Studio) Airlines caught in dollar squeeze just as tourists planning to vacation in Europe.
REPORTER: Harry Reasoner

(Kennedy Airport, New York) Should have been big year for airlines, but people not traveling. Every 747 jet that's not filled means more losses. Transatlantic carriers worst hit because of fewer tourists abroad. Pan American,American, United, Trans World Airlines, Inc. (TWA) lost millions during 1st 5 mos. Europeans find money more valuable so they fly to United States to vacation. Airlines say consumer uncertainty reason for less travel. Transatlantic flights cut cost almost 1/2 to lure more customers. Airlines say inflation biggest concern since air travel considered luxury. If flights don't pick up, costs to go up.
REPORTER: Jules Bergman

Bergman, Jules;
Reasoner, Harry

Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.

Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.