Pan Am Corp.: The New York parent...
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From Times Staff and Wire Reports
Pan Am Corp.: The New York parent of Pan Am World Airways posted a net loss of $191 million for the first quarter, compared to a loss of $151 million a year ago. Revenue totaled $846 million, a gain of 15%. The firm said the increase in revenue was offset by higher expenses, primarily higher fuel and security costs, as well as foreign exchange losses.
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