One Down,, Six To Go? Local travel agents cheer Trans World Airlines' decision to lift a controversial commission cap. STEVE STEIN STAFF WRITER ocal travel agents say they're opti- mistic last week's decision by Trans World Air- lines (TWA) to lift a commission limit in- stituted in February by most major U.S. airlines will have a domino effect. Their optimism is tempered, however, by the fact that the move may be more of an attempt by a struggling airline to generate business and stay clear of a class-action anti- trust lawsuit. David Fishman a f Cadillac Travel. The suit was filed "TWA has been in limbo fi- against TWA, American, Conti- nancially for a while. Perhaps nental, Delta, Northwest, USAir and United by the American So- they realized they needed some- ciety of Travel Agents (ASTA). body in their corner, and they Court approval is needed for picked the people who write 85 TWA to be dropped from the suit. percent of the airline tickets in Once one of the air-travel in- the United States," said David dustry leaders, TWA has fallen Fishman, president of Cadillac Travel in Southfield. to No. 7 in the country. "I think this was an intelligent TWA says it will lift the com- -move on TWA's part," Mr. Fish- mission cap until Sept. 30, then analyze its effect. If the airline man said. "It's to our (travel has increased bookings by its goal agents') advantage now to show of about 10 percent, it will keep support for TWA. If we're able to the cap off until May 1, 1996, shift enough business away from when it will make a permanent the airlines with the cap, they'll have to sit up and take no ti ce. decision. L Want High Interest In a Short Time? Try Our 5 Month 6% APY CD. Bloomfield Hills (810) 258-5300 Farmington Hills (810) 737-0444 Grosse Pointe (313) 882-6400 Just visit any branch or open by phone 1-800-968-4425 Republic Information Center Hours Monday-Friday 7a.m.-7p.m. Saturday 9a.m.—noon Annual Percentage Yield (APY) is accurate as of May 14, 1995. Penalty for early withdrawal. Simple interest of 5.90% paid at maturity only. Minimum of $1,000 to open and earn interest. Member FDIC. pate • Afar4 fr au/ ol cdi ethi eut‘toin Ctotbier Custom Made Suits From $495 Custom Made Shirts • Benchmade Suits • Custom Made Suits • • Custom Alterations • Accessories • Detroit's Premiere Custom Clothier Since 1949 Appointments in Your Office or Our Showroom 54 Gary Wettenstein and Sheila Blum Over 30 Years Combined Experience (810) 646-0535 271 MERRILL • BIRMINGHAM LEADING ISRAELI STOCKS TRADED ON U.S EXCHANGES Exchange Symbol Name NASDAQ Scitex SCIXF NASDAQ ECI Telecom ECILF NASDAQ Teva Pharm TEVIY NYSE PEC Israel IEC Elbit Computers NASDAQ ELBTF NYSE Elscint LTD ELT TAD Elron Electronics NASDAQ NYSE Tadiran CMVT Comverse NASDAQ LANTF Lannet Data NASDAQ ISL First Israel Fund NYSE ELRNF May 5 May 12 Change -51.88 '20.25 '22.13 '0.50 1 7.25 '16.75 -51.25 '34.50 '35.75 '26.50 '27.25 '18.38 '18.50 '0.00 '2.00 '2.00 '8.88 '9.00 1.75 '16.25 '17.00 1 4.63 '15.19 -Si .88 '17.13 '19.00 '0.25 '12.25 '12.00 Source: Allen Mender, Prudential Securities, West Bloomfield. (