TWA, unlike most majors, has shrunk since deregulation
TWA, which has cut capacity and seen traffic fall 2.4% so far this year, has shrunk since deregulation, while competitors have blossomed. TWA flew 28.3 billion revenue passenger miles in 1978 and only 25.1 billion in 1997. Its market share plunged from 12.1% to 4.1% last year. Since deregulation...
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