Businessweek Archives

A Forced Landing For Twa


In Business This Week

A FORCED LANDING FOR TWA

THE WEAKEST BUCKLED FIRST. On May 9, financially strapped TWA said it was backing off the $50 cap on travel agent commissions imposed by the industry last February. Under an agreement with the American Society of Travel Agents, TWA will resume paying 10% commissions on all domestic tickets. In return, the carrier will be dropped as a defendant from the agents' antitrust class action. But other airlines, with pockets deeper than TWA's, likely won't follow suit.EDITED BY KEITH H. HAMMONDS


The Good Business Issue
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus