Sunday, April 01, 2001

The strike's effect so far

        Here's the costs through today on those involved in the Comair pilot strike.

        • Company losses: $2.5 million per day, according to USB Warburg analyst Sam Buttrick, or a total of $17.5 million. Put another way, it's costing Delta stockholders 2 cents a day per share.

        • Pilot salary losses: $144,401 daily, or $1 million for the week, according to figures supplied by the pilots and Air Inc., an Atlanta-based pilot placement service.

        • Cincinnati/Northern Kentucky International Airport losses: $13,000 daily in Comair landing fees, or $91,000 for the week. (If the airport comes up short on its budget at the end of the year, all the airlines at the airport must make up the difference.)

        • Concessionaires: No layoffs reported yet, but restaurants and stores in Comair's Concourse C have been closed since last Monday, missing out on 20,000 passengers passing through daily. One company, Anton Airfoods, runs four restaurants that normally serve 2,000 customers daily; only one of those restaurants has remained open.

        • Passengers: 26,000 delayed or displaced.

        Comair says it's been able to accomodate about 85 percent of those originally scheduled to fly. That leaves about 3,250 passengers a day — or a total of more than 26,000 (roughly the number of people Comair carried daily before the strike) — couldn't be helped and had to be delayed or have their tickets refunded.

        In addition, many of those passengers who were reaccommodated had to be rerouted on flights that weren't direct — costing travelers time and convenience.


No end in sight to Comair strike
- The strike's effect so far
AK Steel at crossroads
BYCZKOWSKI: optimistic despite cuts
Final chapter written on storybook retailer
What's the Buzz?
Time on their hands turned into business
Small retailers at home on the Net
Tax cut? First pay down the debt
Industry notes: Commercial real estate
Tristate business notes
Business meetings, seminars