Air Wisconsin announces seventh consecutive quarter of profitability.Airlines Corp. (AWAC) today announced its financial results for the third quarter of 1995. The company posted operating revenues operating revenue Revenue from any regular source. Revenue from sales is adjusted for discounts and returns when calculating operating revenue. Compare other revenue. for the quarter ending Sept. 30, 1995, of $30.6 million and operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. of $29.5 million, resulting in an operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. of $1.1 million. In the third quarter of 1994, the company had operating revenues of $25.6 million and operating expenses of $24.6 million, resulting in an operating income of $1.0 million. AWAC operates as a United Express carrier and flies fourteen BAe-146 four engine jets feeding United Airlines' Chicago Chicago, city, United States Chicago (shĭkä`gō, shĭkô`gō), city (1990 pop. 2,783,726), seat of Cook co., NE Ill., on Lake Michigan; inc. 1837. and Denver Hubs. -0-
Third Quarter
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1995 1994 Change
Operating Revenues $30,662,000 $25,562,000 +20.0% Operating Expenses $29,542,000 $24,554,000 +20.3% Operating Income $ 1,120,000 $ 1,008,000 +11.1%
Year-to-Date
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1995 1994 Change
Operating Revenues $88,892,000 $76,938,000 +15.5% Operating Expenses $86,066,000 $74,573,000 +15.4% Operating Income $ 2,826,000 $ 2,365,000 +19.5% CONTACT: Air Wisconsin Air Wisconsin is an airline based in Appleton, Wisconsin, USA. Air Wisconsin Airlines Corporation, or AWAC, is the largest privately held regional and commuter airline which operates regional jet flights as US Airways Express under contract to US Airways, serving around 70 Airlines Corp., Appleton Geoffrey Crowley, 414/749-4188 |
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