EYECATCHERS: Casey at the Controls

No airline has been fighting through more turbulence than American Airlines: in the past two years it has been buffeted by two scandals (involving alleged kickbacks from the airline's magazine printers and illegal campaign contributions), a pilot slowdown, the fuel shortage and a financial downdraft that last year brought it a record loss of $48 million. Searching for a new president to steady the controls, chairman C.R. Smith reached completely outside the airline industry and picked a newspaper executive Albert V. Casey, 54, president of the Times Mirror Co. of Los...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

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