Article from bizjournals.com: Comair will add 700 workers

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Hello from bizjournals.com! David Mueller (dmueller7@lycos.com) thought you
might like the following article from the Cincinnati Business Courier:

http://www.bizjournals.com/industries/travel/airlines_airports/2002/12/09/cincinnati_story1.html

Comair will add 700 workers
Regional carrier soaring despite industry woes

Lucy May  Courier Staff Reporter
------------------------------------------------------------
   As struggling Delta Air Lines slashes jobs by the thousands, its local
   subsidiary Comair is adding new jets, new flights and new employees.

   Comair hired 700 workers this year and expects to add another 700 in
   2003, said CEO Randy Rademacher.

   "We've been able to generate a small profit in an environment that most
   people will tell you is the worst in the history of the industry,"
   Rademacher said. "We'll be positioned to continue to fly very
   successfully in the future."

   Roughly 500 of the new jobs created this year are front-line employees —
   pilots, flight attendants, customer service agents and maintenance crews
   — and Comair expects 500 of next year's new jobs to be front-line
   employees, too. Those additions are net gains over the roughly 2,000
   furloughed employees Comair brought back after last year's pilots'
   strike.

   Delta doesn't break out financials for its subsidiaries, and Comair
   wouldn't comment further on its profitability.

   Still, it's a remarkable turnaround for an airline that, just last year,
   was dealt a near-fatal blow by the 89-day pilots' strike and then was
   grounded again by the events of Sept. 11, 2001.

   But it was Sept. 11, and Delta's reliance on the fleet of regional jets
   owned by Comair and the other carriers in its Delta Connection network,
   that helped Comair not only regain ground lost during the strike but
   continue to grow.

   Over the past 12 months, Comair has boasted 99 percent completion rates,
   almost 90 percent on-time arrivals and a big decrease in customer
   complaints, Delta Connection CEO Fred Buttrell said.

   "Comair has got a little of its swagger back," said Buttrell,
   Rademacher's Atlanta-based boss.

   Indeed, the recent announcement that Comair would fly from Delta's Salt
   Lake City hub to the West Coast marked the achievement of the airline's
   long-dreamed-of goal of being a coast-to-coast carrier.

   Next year, Buttrell expects Comair to add a Cincinnati-to-Key West,
   Fla., direct flight using one of its new 70-seat regional jets.

   The regional airline industry has grown since the terrorist attacks, in
   part because the regionals' larger owners and partners have viewed the
   smaller jets as important tools to maintain presence in markets that no
   longer have the passenger volume to support service with larger
   airplanes, said Deborah McElroy, president of the Regional Airlines
   Association in Washington, D.C.

   From mid-2001 through the middle of this year, regional airlines have
   increased their departures by 41 percent, while the major carriers have
   reduced their departures by 11 percent, said Douglas Nelms, editor of
   Commuter/

   Regional Airline News in Potomac, Md.

   "It used to be that the regionals needed the major carriers to survive,"
   Nelms said. "Now it's the major carriers who need the regionals."

   It's a shift in the industry that's likely to be around for a while,
   said George Hamlin, a senior vice president at Global Aviation
   Associates Ltd., a Washington, D.C.-based commercial airlines consulting
   firm.

   "This is the wave of the future — a hub reaching out to more markets,"
   Hamlin said. "Comair has paid heed to the saying, 'Never look back —
   something might be gaining on you.' They've created a big lead, and they
   haven't forgotten where they've come from."

   But the short-term success that the regional carriers have experienced
   since Sept. 11 comes with long-term concerns, especially for those that
   have partnerships, known as code-share agreements, with major airlines.

   Such agreements allow Delta and other majors to sell seats on partners'
   planes.

   "As a regional carrier, your fortunes are intertwined with your major,"
   McElroy said. "If the major carrier in the long run doesn't do well,
   that's going to have a long-term impact on the regionals."

   Rademacher and Buttrell said Delta remains among the best-positioned
   majors.

   In October, Delta reported a net loss of $326 million for the third
   quarter and said it would ground its MD-11 fleet and defer mainline
   aircraft deliveries in 2003 and 2004. The airline also announced it
   would cut up to 8,000 more jobs in an effort to bring costs in line with
   depressed demand. Still, it is better off than rivals such as US
   Airways, which filed for bankruptcy protection in August, and United
   Airlines, which likely will be forced into bankruptcy court protection.

   "We're drowning under a foot of water while the rest of the industry is
   drowning under 80 feet," Buttrell said. "But we're still drowning."

   The success of Comair and its other regional carriers has been an
   important part of Delta's relative financial health. After Sept. 11,
   Delta was able to maintain flights and market presence thanks to
   regional jets, which can fly fewer passengers more profitably than
   Delta's larger, mainline planes.

   But that has increased concerns among Delta's mainline pilots that the
   regionals will take over routes with their lower-paid pilots.

   To protect their interests, the union representing Delta's pilots has
   insisted on "scope" clauses in the pilots' contract that limit the
   number of larger, 70-seat regional jets that the Delta Connection
   carriers can fly.

   Rademacher understands the concerns of the Delta pilots but views them
   as short-sighted, pointing out that Delta needs the smaller, regional
   jets to feed its hubs and feed passengers onto the larger planes that
   continue to fly to large markets.

   Buttrell said the scope agreements should not hurt the growth of Comair
   or other Delta Connection carriers except when it comes to the new
   70-seat jets. The scope clauses restrict the number of those new, larger
   aircraft that Comair and the other Delta Connection carriers can fly.

   Nelms views even those restrictions as harmful, since they could end up
   limiting the number of passengers that the regional jets could feed to
   the major airlines' hubs. The pilots, he said, could wind up protecting
   their short-term interests at the expense of the airlines' health in the
   long run.

   "It's like the lion has his paw on a piece of meat that he's too full to
   eat, but he's not going to give it to anyone else," Nelms said.

   But even with such scope clauses looming, Rademacher is confident Comair
   will continue to grow in 2003 at the brisk pace the airline has grown
   this year.

   Comair is going to finish this year with 123 airplanes, Buttrell said,
   and will finish 2003 with 156 planes.

   But Comair will continue to work to drive costs out of its operation,
   Rademacher said.

   "This is not the environment to be fat and happy in. Let's see if we can
   be happy without being fat," he said.



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