Shirt Regained

T.W.A., which has sputtered into one deficit after another since 1946, last week gave its stockholders a pleasant surprise. President Ralph S. Damon reported a profit of $3,931,910 before taxes for the first nine months of 1949, partly owing to the success of T.W.A.'s low-fare coach flights from New York to Chicago, and Kansas City to Los Angeles. With an average load of 80.5% of capacity, the coaches made up much of the revenue lost last winter when short-haul DC-35 sometimes carried only two or three passengers a trip. Explained Damon: "You can't fly an airplane with that light a load factor and not lose your shirt. And we lost ours." T.W.A. hopes to hold on to its shirt this winter by curtailing DC-3 operations.

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