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Reuters
Regional jets pick up more flights at US airports
Monday January 12, 4:42 pm ET
By John Crawley
WASHINGTON, Jan 12 (Reuters) - Regional airlines are assuming a greater share of scheduled flights at big U.S. airports as major carriers rely more on their affiliates, government figures showed on Monday.
Industry figures released by Transportation Department Inspector General Kenneth Mead showed that scheduled regional jet service has increased nationwide from 10 percent of all flights in 2000 to 25 percent at the end of 2003.
Flights involving other aircraft types experienced sharp declines over the same period with the big airlines parking older mainline jets and cutting out smaller, slower turboprops.
Deborah McElroy, president of the Regional Airline Association, said some of the growth was due to the aftermath of the 2001 hijack attacks in the U.S. that triggered a significant reduction in air travel.
The attacks also accelerated the industry's worst-ever downturn that has eased but still caused $5 billion in losses among major carriers last year.
"To maintain service to certain communities, the service was transitioned to regional jets. In a number of markets that was the case," McElroy said. She added that regionals also have allowed airlines to quickly open new markets.
Fifteen airlines operate regional jets, including the American Eagle unit of American Airlines (NYSE:AMR - News) and Continental Express, which flies for Continental Airlines (NYSE:CAL - News).
Regional jets can fly between 350 miles and 1,300 miles and the most popular models have 50 seats. Industry figures show that it can cost up to twice as much to operate an older-model Boeing 737 than a 50-seat RJ on the same route.
Regional jet growth corresponds directly to affiliates for some major carriers that have struggled financially. Eleven of the top 12 airports for regional jet growth of at least 19 percent are hubs for five of these airlines.
These include Delta Air Lines (NYSE
AL - News) at Cincinnati/Northern Kentucky and Atlanta; Continental at Houston and Newark in New Jersey; US Airways (NasdaqNM:UAIR - News) at Reagan National, Pittsburgh and Charlotte; American at Dallas-Ft. Worth and Chicago O'Hare and United Airlines (OTC BB:UALAQ.OB - News) at O'Hare.
Regional jets pick up more flights at US airports
Monday January 12, 4:42 pm ET
By John Crawley
WASHINGTON, Jan 12 (Reuters) - Regional airlines are assuming a greater share of scheduled flights at big U.S. airports as major carriers rely more on their affiliates, government figures showed on Monday.
Industry figures released by Transportation Department Inspector General Kenneth Mead showed that scheduled regional jet service has increased nationwide from 10 percent of all flights in 2000 to 25 percent at the end of 2003.
Flights involving other aircraft types experienced sharp declines over the same period with the big airlines parking older mainline jets and cutting out smaller, slower turboprops.
Deborah McElroy, president of the Regional Airline Association, said some of the growth was due to the aftermath of the 2001 hijack attacks in the U.S. that triggered a significant reduction in air travel.
The attacks also accelerated the industry's worst-ever downturn that has eased but still caused $5 billion in losses among major carriers last year.
"To maintain service to certain communities, the service was transitioned to regional jets. In a number of markets that was the case," McElroy said. She added that regionals also have allowed airlines to quickly open new markets.
Fifteen airlines operate regional jets, including the American Eagle unit of American Airlines (NYSE:AMR - News) and Continental Express, which flies for Continental Airlines (NYSE:CAL - News).
Regional jets can fly between 350 miles and 1,300 miles and the most popular models have 50 seats. Industry figures show that it can cost up to twice as much to operate an older-model Boeing 737 than a 50-seat RJ on the same route.
Regional jet growth corresponds directly to affiliates for some major carriers that have struggled financially. Eleven of the top 12 airports for regional jet growth of at least 19 percent are hubs for five of these airlines.
These include Delta Air Lines (NYSE