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CCAIR REPORTS QUARTERLY PROFIT

 CHARLOTTE, N.C., April 22 /PRNewswire/ -- CCAIR, Inc. (NASDAQ-NMS: CCAR), an independent airline providing service as USAir Express in the southeast United States, reported today an unaudited operating profit of $688,003 and net income of $669,092 or $.10 per share for its third quarter ended March 31, 1993, compared to income before extraordinary gain of $372,790 for the March 1992 quarter.
 The carrier added new Dash 8 nonstop service from Charlotte, N.C., to Panama City, Fla., in March. New Dash 8 nonstop service from Charlotte will begin in May to Lexington, Ky., Huntsville, Ala., and Columbus, Ga.
 President Kenneth W. Gann said, "Advance reservations are strong for the spring and summer months."
 Third Quarter Ended March 31, 1993
 Revenues 1993 1992 Pct. Change
 Operating revenues $16,013,460 $13,246,205 20.9
 Operating expense 15,325,457 12,596,895 21.7
 Total operating profit 688,003 649,310 6.0
 Non-operating expense ( 18,911) ( 276,520) (93.1)
 Income before extraordinary
 gain 669,092 372,790 79.5
 Extraordinary gain, less
 tax provision -- 262,090 --
 Net income 669,092 634,880 4.6
 Earnings per share $ .10 $ .10 --
 Traffic
 Passengers Enplaned 199,040 166,049 19.
 Revenue Passenger Miles 30,463,049 23,031,794 32.3
 Available Seat Miles 65,094,666 50,253,176 29.5
 Load Factor 46.8pct. 45.8pct. 2.2
 Average Passenger Miles 153.1 138.7 10.4
 -0- 4/22/93
 /CONTACT: Kenneth W. Gann, President, CCAIR, 704-359-8990/
 (CCAR)


CO: CCAIR, Inc. ST: North Carolina IN: AIR SU: ERN

CM -- CH015 -- 9729 04/22/93 16:46 EDT
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Publication:PR Newswire
Date:Apr 22, 1993
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