Word: carriere
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...Although WorldCom appears to have successfully outmaneuvered the much larger GTE in the race to acquire the United State's second-largest long distance carrier, anything can happen in this brave new world of telecommunications deregulation. Potential barriers include investors, federal regulators and, yes, even GTE. British Telecom, the other player in the three-way bidding war, has apparently cashed out ? pocketing nearly $7.5 billion thanks to its 20 percent stake...
This summer's contract renegotiation with MCI--Harvard's long-distance carrier--compounds the confusion surrounding student telephone rates...
...guys were beaten to the punch by Comair, a commuter airline partly owned by Delta that now uses CRJs for 80% of its seating capacity. The carrier is adding one jet a month at least until the end of 1998, with conditional orders for 12 and options for 45. "The regional jet has really allowed them to go out there and serve some markets they couldn't serve with the turboprops," says Robert Holscher, director of aviation at Cincinnati/Northern Kentucky International Airport. "It's allowing feed into this airport by markets that couldn't be served profitably by Delta...
...larger markets, regional jets are being used to complement the big tubes. Cincinnati to New York's LaGuardia is one of the Comair routes that was out of range of the turboprops. Delta, the nation's third largest carrier, is using Comair's smaller jets in at least two dozen cities--among them Minneapolis, Orlando, Kansas City and Philadelphia--to adjust capacity when demand is too low for bigger jets. Delta has pulled 737s or MD-80s out of such cities as St. Louis, Allentown and Wilkes-Barre, Pa., and let Comair offer service. "All our service now from...
...regional carriers and their affiliates, it all means more profits. The Canadair Regional Jet has a sticker price of $18 million, vs. $7.5 million for an Embraer Brasilia, a popular 30-seat turboprop, but because the jet generates higher revenues, it has been profitable for Comair since its first month of operation. It has also fueled growth for Comair. The carrier's revenues have more than doubled since 1993, the year Comair started flying jets, to $564 million in fiscal 1997. Profits have risen meteorically: last year Comair posted net income of $75.4 million, an increase of 291% from...