Atlantic Coast Earnings Up 49 Percent In 1996
One day after placing its first order for regional jets, Atlantic Coast Airlines reported 1996 profits of $19.2 million, up 49%. The United Express carrier also paid employees $2.9 million in profit sharing, a record. Revenue rose 16.5% and yield jumped 13.4% to 50 cents. Operating income grew 57.8%...
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