May 25, 1985 |
Financier Carl C. Icahn spent more than two hours on the witness stand Friday attempting to convince a federal judge that he would not break up and sell Trans World Airlines if he succeeds in taking it over. TWA's lawyers, in questioning him, sought to demonstrate that Icahn still intends to dismantle the carrier. "I don't like to liquidate companies," Icahn said in answer to a question from TWA's attorney, Robert Zimet. "I don't like liquidations, per se.
September 7, 2001 |
TWA Airlines President William Compton, a former pilot picked to run Trans World Airlines' operations who later engineered its sale to AMR Corp., will retire Oct. 1. Compton, 54, remained at TWA after the sale to help guide its combination with AMR's American Airlines. He had said he would step down at some point in the process. TWA was bought by Fort Worth-based AMR, making it the largest airline company, last April for $2.8 billion.
June 8, 1987
However, the prospect of a widespread move to raise fares is expected to rest with industry leader Texas Air Corp., which in the past has aborted similar moves by refusing to go along. TWA announced last week that it would impose surcharges of $3 to $7 on all domestic one-way tickets and $8 on international tickets. TWA said the fare increases were intended to offset jet fuel prices, which it said rose more than 20% between November and April.
March 13, 1986 |
Three hours of negotiations between TWA and striking flight attendants, the first bargaining session since the walkout began six days ago, recessed Wednesday with no progress made, a federal mediator said. No new negotiations were scheduled, said Helen Witt of the National Mediation Board, which had called both sides together.
December 7, 1992 |
Trans World Airlines Inc., its unions and creditors plan today to unveil an agreement that should keep the financially ailing airline flying, sources close to the negotiations said Sunday. TWA scheduled a news conference in Washington today after what an airline spokesman said were "significant developments resulting from negotiations held over the weekend." "These involve Carl C. Icahn and the Pension Benefit Guaranty Corp.
July 22, 1986
Trans World Airlines reported Monday that it lost $87 million in the second quarter, blaming the result on fare wars, the dollar's declining value, lower transatlantic traffic and a flight attendants strike earlier this year. United Airlines, the nation's biggest airline, reported a profit of $18.5 million in the quarter and said the figure would have been higher but for currency losses. In reporting the loss, TWA Chairman Carl C.