Back in the mid- to late-1990s, Comair had operating annual margins exceeding 20 percent, and I recall that there was at least one quarter in which it posted an operating margin over 30 percent, something unheard of in the airline industry. It was the poster child for a successful U.S. Regional carrier, and the pioneer of the large-scale "RJ Revolution", as it built a massive fleet of Canadair Regional Jets, for the benefit of both itself and major-airline partner ...

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