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Braniff Collapse #283677

CBS Evening News for Thursday, May 13, 1982
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(Studio) Collapse of Braniff airlines discussed.
REPORTER: Dan Rather

(Dallas, Texas) Airline's collapse examined. [Chairperson Howard PUTNAM - notes lack of payroll funds.] [Nancy WOOD - comments.] Airline's history recalled. [Tommy WOOD - hopes for unemployment benefits.] [Civil Aeronautics Board chairperson Dan McKINNON - announces formation of consumer hotline.] Herald Redmond family's predicament cited as example; Braniff's efforts to reorganize noted.
REPORTER: Bruce Hall

(Los Angeles, California) Implications for other airlines of Braniff collapse examined. [Western Airlines chairperson Neil BERGT - notes efforts to deny Braniff's problems.] 1st quarter losses of several airlines outlined on screen. [Ind. analyst Eliot FRIED - cites leniency of industry] Various problems contributing to industry declining profits explained; Eastern Airlines, Delta, Texas International and American Airlines said probably benefiting from Braniff's demise; details given.
REPORTER: Linda Douglass

(NYC) Econ. problems of nation's leading companies examined. [Investment banker Felix ROHATYN - notes economy and credit environmental in which United States industry currently operates.] Status of corporate interest payments explained; details outlined on screen. [ROHATYN - thinks situation is weak.] Possible course of situation considered.

(Studio) Chairperson of President's council of economy advisers Murray Weidenbaum reported indicating administration's position on collapse of Braniff and others.
REPORTER: Dan Rather

Brady, Ray;
Douglass, Linda;
Hall, Bruce;
Rather, Dan

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