News In Brief
Two big US airlines say losses continued in '83
Both Trans World Airlines and Eastern Airlines, two of the largest US airlines, reported continuing losses for 1983 Wednesday. Eastern reported a loss of $183.7 million for last year, the airline's worst loss in its 55-year history. The carrier lost $74.9 million in 1982. Eastern chairman Frank Borman attributed the losses to ''relentless increases in operating expenses, plus continued heavy competition that restricted traffic growth and fare relief.''
TWA reported a net loss of $12.4 million, an improvement on the $30.8 million lost in '82.