Life, Missouri History Today
Missouri History Today April 29, 1963: For the first time, TWA announces a profit for its first quarter.
TWA announced in its employee newsletter, Skyliner, that it had achieved a first quarter profit and reduced net losses for its historically unprofitable first three months of the year.
TWA had been playing catch up — its first regularly scheduled jet flight took place on November 23, 1959 — a year after its main rivals.
Although TWA gained when Pan Am went under by acquiring its international routes, the airline eventually filed for bankruptcy in January 1992.
On April 9, 2001, TWA’s 75-year existence as an independent airline came to an end when American Airlines purchased TWA’s assets. TWA flew its last official flight on December 1, 2001, ending an era in American commercial aviation.
Based upon content from the State Historical Society of Missouri Archives.
Photo Courtesy of TWA Museum
Written By
Missouri Life
