AIRLINES: Pan Am: Still Aloft

In the red since 1969, denied Government subsidy a year ago and seemingly on the brink of bankruptcy, Pan American World Airways last week served notice that forecasts of its demise have been premature. The airline reported a third-quarter profit of $42.1 million, v. a $500,000 loss during the same period of 1974. The turnaround is especially remarkable because it conies at a time when other airlines are in deep trouble: Eastern last week reported a huge third-quarter deficit (see following story), and TWA estimated it will lose $100 million during all...

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