No offence to TWA fans, but I think it is a lunatic idea to offer a Guam-Frankfurt route in any point in time. You don't have to be an Einstein to figure out that how unprofitable this segment is.
The reason TWA has struggled to report consistent and robust profits in the last 40 years or so lies in their poor managerial history. Looking back, it is a surprise TWA didn't go belly up, like Pan Am and Eastern, yet.
Unfortunately, it seems the old managerial practices still alive within TWA senior executives. While the major US carriers were looking for a European partner, TWA decided to form a strategic alliance with Royal Air Marocc and "possibly with regional partners" only, like the troublesome TWE.
I get upset when I see a classic airline being deteriorated with such an amateur approach to its business strategies. TWA has, through the years, adopted the most orthodox strategies to succeed in the airline industry, like refusing to order jets, launching hubs too close geographically and resuming unprofitable flights everywhere. TWA refuses to be realistic and pragmatic in its business decisions, and the overall result may culminate in bankruptcy again.
I apologise again, TWA fans.
The fastest way to become a millionaire in the airline business is to start as a billionaire.