Newspaper article THE JOURNAL RECORD

Pan Am Cutting Jobs, Routes

Newspaper article THE JOURNAL RECORD

Pan Am Cutting Jobs, Routes

Article excerpt

Pan Am Cutting Jobs, Routes NEW YORK - Troubled Pan Am Corp. said Wednesday it will cut 2,500 jobs and some routes, while replacing five large airplanes on trans-Atlantic flights with smaller planes in a bid to emerge as a leaner, stronger airline.

Pan Am hopes to save tens of millions of dollars, but the corporate parent of Pan American World Airways refused to provide a more precise estimate. Pan Am Chairman Thomas G. Plaskett said at the same time that Pan Am will attempt to shift more business into Miami and Latin America, its most lucrative route areas.

The changes come in response to rising jet fuel costs and sluggish demand for air travel that have delt a particularly hard blow to ailing carriers like Pan Am. It reported losses of about $2 billion during the 1980s, and recent efforts to find a merger partner met no immediate success.

Cattle on Feed Up 5 Percent WASHINGTON - Cattle being fed for the slaughter market as of Sept. 1 in the seven major beef states totaled 6.99 million head, up 5 percent from a year ago and 1 percent more than two years ago, the Agriculture Department said Wednesday. Feedlot inventories were up from a year earlier in Colorado, Iowa, Kansas and Texas. But they declined in Arizona, California and Nebraska.

Marketings of ``fed'' cattle in August totaled 1.67 million head, down 2 percent from a year ago and 7 percent fewer than two years ago. The placement of new cattle and calves in fattening pens last month was reported at 1.74 million head, up 6 percent from a year ago and 5 percent more than in September 1988, the report said.

State feedlot cattle inventories are listed here for the seven states, which account for about three-fourths of the nation's beef. The first number is the number of cattle, in thousands, as of Sept. 1, and the second number is the percentage of a year earlier.

FCC Adopts `Price Cap' Regulations WASHINGTON - The Federal Communications Commission on Wednesday adopted new ``price cap'' regulations for the eight largest local phone companies that the FCC said should save long-distance callers billions of dollars over the next four years. The rules, which go into effect Jan. …

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