twa started operating its convair 880s on january 12, 1961, but would report a net loss of $38.7 million for 1961. yet, by 1963, twa reported a net profit of $19.8 million in 1963, $37 million in 1964, and $50.1 million in 1965. twa stock went from $7.5 per share in 1962 to $62 in 1965.