A controversial new flight plan for California'S PSA
PSA, Inc., which owns Pacific Southwest Airlines, is one of the nimbler members of the stricken air-travel industry. The San Diego-based company reaped a profit of $30.4 million for the first nine months of 1982, but only through deft financial management. Its airline, which flies mainly in California, lost money, a situation PSA hopes to change by building a coast-to-coast empire on the remains of bankrupt Braniff International. Last week a bankruptcy judge in Texas approved a scheme to let PSA do exactly that. The airline...
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