Small Airlines: Straightened Up And Flying Right

They're giving the majors a run for their money

When Robert J. "Rocky" Spane, a retired Navy admiral, took over Vanguard Airlines Inc. nearly two years ago, he feared the fledgling carrier might last just six months. After all, its route system was in constant flux, and it lacked such basics as budgets and a computer system for managing pricing. In short "it had no strategy," says Spane.

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