TWA Posts 10th Straight Year Of Losses, Plans Job Cuts
TWA lost money in 1998 for its 10th consecutive year, posting a net annual deficit of $120.5 million yesterday and a worse fourth quarter. The loss compares with a $110.8 million deficit in 1997. During the fourth quarter, losses of $79.1 million more than doubled the $31.2 million in red ink for...
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