AIRLINES: Can Pan American Survive

Can Pan American Survive?

The old advertising jingle proclaims that "Pan Am makes the going great," but recently things have been going anything but great for Pan American World Airways. Indeed the airline seems to have been hit by nearly every conceivable disaster, from a seemingly unstoppable flow of red ink to a string of air crashes. Financially, the biggest calamity has been the soaring price of jet fuel brought on by the Arab oil offensive. Prices rose so high during the last quarter of 1973 that what had been expected to be...

Want the full story?

Subscribe Now

Subscribe
Subscribe

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!