Aviation: The New Eastern

Plagued by stodgy management, increasingly rough competition on its once lucrative routes, and customer complaints about older planes and screwy schedules, Eastern Air Lines has steadily lost money in recent years. But under President Floyd D. Hall, 48, who moved over from TWA a year ago, Eastern is showing signs of recovery. Last week it announced that it reduced its eleven-month deficit in 1964 to $6,700,000, from 1963's eleven-month loss of $16.5 million. It also got a jet-powered assist from the Civil Aeronautic Board, which approved the line's proposal to increase all...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!