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Trans World Airlines Inc. reported a fourth quarter loss and a yearend loss of $193.1 million. In the quarter, TWA lost $123.4 million on $893 million in revenues. That compares with a $29.4 million deficit on $834.1 million in revenues in the 1984 fourth quarter. The yearend deficit compares with net income of $29.9 million, or 17 cents a share, in 1984. The loss at TWA, which was acquired by New York financier Carl Icahn, includes a $60.5 million expense resulting from takeover activities and a reduction in employment.

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