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DART GROUP ANNOUNCES EARNINGS

 DART GROUP ANNOUNCES EARNINGS
 LANDOVER, Md., Dec. 10 /PRNewswire/ -- Herbert H. Haft, chairman of


Dart Group Corporation (NASDAQ: DARTA), today announced income before extraordinary items for the three months and nine months ended Oct. 31, 1991 was $454,000 or $.25 per share and $2,442,000 or $1.34 per share, respectively, compared with $2,536,000 or $1.37 per share and $8,091,000 or $4.31 per share for the same periods last year. Net income for the three and nine months ended Oct. 31, 1991 was $131,000 or $.07 per share and $2,119,000 or $1.16 per share, respectively, compared with $2,545,000 or $1.37 per share and $8,100,000 or $4.31 per share for the same periods last year.
 Revenue for the three months increased to $289,234,000 from $276,526,000 and for the nine months to $864,365,000 from $781,126,000 when compared with the same periods last year.
 DART GROUP CORPORATION
 (Dollars in thousands, except earnings per share)
 Period ended Three months Nine months
 Oct. 31 1991 1990 1991 1990
 Revenue $289,234 $276,526 $864,365 $781,126
 Income before extraord. items 454 2,536 2,442 8,091
 Extraordinary items:
 Income (loss) on reacquisition
 of debentures, net of
 income tax benefit (323) 9 (323) 9
 Net income 131 2,545 2,119 8,100
 Earnings per common
 share and common
 share equivalents
 Income before extraord. items .25 1.37 1.34 4.31
 Extraordinary items:
 Loss on reacquisition of
 debentures, net of income
 tax benefit .18 -- .18 --
 Net income .07 1.37 1.16 4.31
 Weighted average shares
 outstanding 1,818 1,846 1,823 1,879
 Dividends per share
 of class A common stock .033 .033 .10 .10
 -0- 12/10/91
 /CONTACT: Stanley Rubenstein of Rubenstein, Wolfson & Co., 212-297-6108, for Dart Group/
 (DARTA) CO: Dart Group Corporation ST: Maryland IN: REA SU: ERN FC-OS -- NY062 -- 1210 12/10/91 16:47 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Dec 10, 1991
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