CARRIERS: Dudes' Deal
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By its new feeders (including a new Detroit-Washington line which it hopes CAA will shortly authorize) TWA hopes to cash in on the present airline boom. For the first nine months of 1939 airline traffic was up 40% over 1938 to a record high level, and except for TWA the trans-continentals all operated handsomely in the black. TWA is still in the red for the year, but in the July-September quarter it turned a net profit of more than $100,000 which helped cut its estimated net loss for the nine months to less than $250,000, assured Jack Frye that the 1939 figures will look a lot better than the $773,263 loss of 1938.
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