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Special Assignment (Airline Recession: Pay Now, Fly Later) #66326

ABC Evening News for Wednesday, Jun 04, 1980
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(Studio) Impact of jet fuel prices on airline industry noted.
REPORTER: Max Robinson

(NYC) Concorde and 747, rather than heralding new age of jets, said typifying dilemma of airlines; details given. Films of Wright Bros. shown; background to airline industry development outlined. television commercials for various lines shown. 1st quarter losses for Pan Am, United, total for US airlines listed on screen. [Air Transport Associates vice president George JAMES - comments.] Incr. in jet fuel costs since 1972 graphed on screen; passenger sales necessary for airlines to break even detailed. Alleged basis of airline losses outlined on screen. [Former Civil Aeronautics Board chairperson Secor BROWNE - comments on President Carter's deregulation.] Impact of deregulation on NYC-Los Angeles route, formerly only flown by United, TWA and American, noted; Eastern's case discussed as example
REPORTER: Jules Bergman

Reporter(s):
Bergman, Jules;
Robinson, Max
Duration:
00:04:50

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