Airline cuts London faresVirgin Atlantic Airways has cut...

BUSINESS DIGEST

December 25, 1992

Airline cuts London fares

Virgin Atlantic Airways has cut the price on its London to New York and Boston routes to $285.30 round trip or $142.60 one way for bookings made by New Year's Day.

Travelers must book between Dec. 26 and midnight on New Year's Day and must travel between Jan. 6 and March 24. The airline's comparable lowest-listed air fare for 21-day advance bookings for travel after Christmas was $381.90, a Virgin spokesman said.

British Airways said earlier this week its lowest-priced return ticket to New York is $351.20 for a 21-day advance booking midweek fare.

Food Lion to slow expansion

SALISBURY, N.C. -- Food Lion Inc. said yesterday it will slow its pace of expansion in the first half of 1993 as it evaluates the earnings impact of an unfavorable ABC-TV report.

The company has put a moratorium on new stores, except for those currently under construction or under lease, said spokesman Mike Mozingo. He said generally sluggish market conditions also played a part in the decision.

The ABC news show "Prime Time Live" reported in November that Food Lion reprocessed out-of-date meat and fish and questioned the company's sanitation practices. The company denied the report and said the report was inspired by union organizers.

Comptronix to post loss for '92

Comptronix Corp., an Alabama electronics manufacturer, says it expects to post a $1.5 million loss this year after a new audit revealed the company posted losses instead of profits for the past four years, a published report said.

Comptronix said the anticipated loss contrasts with a previously reported $5.3 million profit for the first nine months of 1992.

The company's restatement of earnings, based on an audit by the accounting firm Arthur Andersen & Co., wipes out $10 million in profits Comptronix had reported in the previous years, The Wall Street Journal reported yesterday.

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