AIRLINES: Sadder Bud Wiser

Between the two major American-flag international airlines, the manifold woes of Pan American have captured most attention. But last week it became evident that Trans World Airlines is also in bad trouble. TWA announced that its losses have gone up, up and away: its deficit topped $88 million during the first five months of 1975—a record, and exactly double the loss during the same period a year ago. Simultaneously, President Forwood C. Wiser Jr.—nicknamed "Bud" by some associates and "Forward Charge" (because of his initials) by employees—quit, along with Marketing Vice...

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