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ATLANTIC COAST AIRLINES HOLDINGS INC. /Dulles, Virginia New Pact Puts Airline In Better Business Class.(A)
By Robin M. Grugal
Investor's Business Daily
When UAL Corp.'s United Airlines hit some turbulence in the third quarter oflast year, Atlantic Coast Air Holdings Inc. was forced to ride out the bumps alongside it.
The carrier, which flies under the United Express banner through an alliancewith United Airlines, saw quarterly earnings plummet 25% from a year earlier. Service disruptions and ongoing pilot talks at United tainted the brand and hurt bookings.
But Atlantic Coast had only itself to blame for its poor performance, sources say.
Its downfall wasn't in choosing to wear United's wings. Where it went wrong was in its contract negotiations -- agreeing to fly feeder flights for the world's largest airline on a pro-rated basis.
Pro-rated contracts often are referred to as revenue-sharing deals. AtlanticCoast receives a share of the proceeds from each ticket sold. The more passengers booked on a flight, the bigger Atlantic's cut. The same goes for fares. The potential upside is great.
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WAYCROSS, Ga. -- Atlantic Coast Federal Corporation (NASDAQ:ACFC), the holding company for Atlantic Coast Bank, today announced the termination...2007, to the subscribers of Atlantic Coast Financial Corporation common stock...
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- Newspaper article from: Knight Ridder/Tribune Business News November 19, 2003 700+ words
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- Atlantic Coast Offers Low-Cost Airline Out of Washington-Area Airport.
- Newspaper article from: The Washington Times (Washington, D.C.) (via Knight-Ridder/Tribune Business News) November 20, 2003 700+ words
Byline: Tom Ramstack Nov. 20--Atlantic Coast Airlines announced its new airline, called...hub in the country," said Kerry Skeen, Atlantic Coast Airlines chief executive officer. Atlantic Coast Airlines opens the airline under a siege...
- Atlantic Coast Airlines Accuses United of Aiding Hostile Bid.
- Newspaper article from: Chicago Tribune (Chicago, Illinois) (via Knight-Ridder/Tribune Business News) October 29, 2003 700+ words
...United Airlines' battle with Atlantic Coast Airlines, its feistiest regional...airline partner, just got nastier. Atlantic Coast accused United of being a silent...detailed in a lawsuit filed Monday by Atlantic Coast in Washington, D.C., federal...
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- Press release article from: PR Newswire February 4, 1993 700+ words
...WASHINGTON, Feb. 4 /PRNewswire/ -- Atlantic Coast Airlines, which operates as United...year. For the month of January, Atlantic Coast Airlines revenue passenger miles...results, Kerry Skeen, president of Atlantic Coast Airlines, said: "We are pleased...
