CBS Evening News (partial) - 1992-04-24
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Read a transcript preview of “CBS Evening News (partial) - 1992-04-24” from malgent, uploaded on 2025-07-25.
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Language: English (YouTube automatic captions)
[0:04] A major airline price war. Its wheels up
[0:06] and airfares down. Saddam Hussein inside
[0:10] information on who gave him what to
[0:12] build the bomb. And eye on America. They
[0:15] lost family aboard Panama 103. More than
[0:18] 3 years later, they're still fighting
[0:20] for compensation.
[0:23] This is the CBS Evening News.
[0:30] Good evening, Dan Rather reporting.
[0:32] Major news tonight about business, jobs,
[0:34] the economy, and your pocketbook. First,
[0:36] the airlines. They're at war. Big ones
[0:39] trying to squeeze out the little ones.
[0:41] Everybody fighting to survive. As
[0:43] happened with telephones and with
[0:45] savings and loans. Airlines are
[0:47] grappling with consequences of the
[0:49] deregulation era. As Ray Brady reports,
[0:51] like deregulation or not, the results
[0:54] continue to reshape the American
[0:56] economy.
[0:58] [Music]
[1:00] It's turning out to be the big business
[1:02] brawl of the decade. The nine major US
[1:05] airlines, the one still surviving,
[1:08] duking it out in a $45 billion
[1:11] springtime war over passengers. It's the
[1:14] latest round in an allout fair war. This
[1:17] one set off by American Airlines
[1:19] chairman Robert when he simplified and
[1:22] slashed fairs across the board. But
[1:26] while low fairs are a definite boon for
[1:28] travelers, some critics say this isn't
[1:30] just a fair war. It's an air war with
[1:33] American airlines trying to shoot down
[1:35] competitors who can't afford a long
[1:38] spell of low prices. Weaker carriers are
[1:41] guaranteed to fail under this fair
[1:43] pricing strategy. The ones that are that
[1:46] appear to be particularly vulnerable of
[1:48] course is TWWA, America West, uh US Air.
[1:53] Now, the notion that that by c