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05.31.2007 10:31 am

Wachovia likes our airport

St. Louis Post-Dispatch
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Veteran St. Louis business travelers, who remember the level of connectivity  Lambert Field had before the drastic American Airlines cuts in 2003, might disagree with this assessment, but Wachovia thinks the airline service in St. Louis is great.

On a conference call to discuss the purchase of A.G. Edwards, a Wachovia executive — I think it was David Carroll, president of the capital management group — mentioned that travel was among the areas where the combined company would save money. He said that Wachovia is a “high touch” organization that brings brokers in often for training and conferences, which will now occur at the retail brokerage headquarters in St. Louis. The executive added: “There’s a direct flight from everywhere to St. Louis, and the other way around.”

Here’s a scorecard, from the Bureau of Transportation Statistics:

  • Charlotte (Wachovia corporate headquarters): 10th busiest U.S. airport in number of flights, with  209,398 departures in 2007.
  • St. Louis: No. 25 in flights with  120,619 departures in 2007.
  • Richmond (where Wachovia brokerage operations are based now): No. 62 in flights with 35,782 departures in 2007.
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2 comments

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Compared to Charlotte, air service from St. Louis is pathetic. Richmond, however, is another story.

Richmond has always been a spoke, never a hub. Its airport, in which I haven’t been for a while, is smaller than St. Louis’ (i.e., it does not have a completely empty concourse), but is probably equally functional.

St. Louis’ biggest advantage over Richmond? Southwest Airlines serves it. Southwest does not fly to or from Richmond.

City fathers should not go crazy congratulating themselves for our wonderful airport, when it is being compared to Richmond and its biggest advantage is service by a carrier that built its own nearly separate facility here.

— 7dez7
12:50 pm May 31st, 2007

Nor should we look for criticism behind praise at any instance it is possible to do so.

— Gone Corporate
10:07 pm May 31st, 2007