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COMAIR HOLDINGS REPORTS FIRST QUARTER EARNINGS

 COMAIR HOLDINGS REPORTS FIRST QUARTER EARNINGS
 CINCINNATI, July 23 /PRNewswire/ -- Comair Holdings, Inc.


(NASDAQ/NMS: COMR), the parent corporation of Comair, Inc., the Cincinnati and Orlando based "Delta Connection" airline, reported first quarter net income of $2.4 million or $.20 per share on revenues of $55.9 million.
 The Comair Holdings, Inc. board of directors also declared a $.07 per share cash dividend for shareholders of record on August 10, 1992 payable August 19, 1992.
 Comparable results are as follows (in 000's):
 FIRST QUARTER ENDED JUNE 30
 1992 1991
 Passenger revenues $ 52,418 $ 49,475
 Other revenues 3,527 4,125
 Total revenues $ 55,945 $ 53,600
 Operating costs 51,969 47,856
 Operating income $ 3,976 $ 5,744
 Net nonoperating income (expense) 41 (226)
 Income before income taxes $ 4,017 $ 5,518
 Income taxes 1,600 2,223
 Net income $ 2,417 $ 3,295
 Weighted average number of shares 12,283 12,156
 Net income per share .20 .28
 Dividends paid per share $ .07 $ .067
 Airline Operating Statistics:
 Passengers 573,080 515,348
 ASM's (000's) 284,931 245,573
 RPM's (000's) 126,952 109,811
 Load factor (percent) 44.6 44.7
 Breakeven load factor (percent) 41.3 40.3
 Yield (cents) 41.3 45.1
 Cost per ASM (cents) 17.3 18.3
 -0- 7/23/92
 /CONTACT: Gloria M. Weber of Comair, 606-525-2550/
 (COMR) CO: Comair Holdings, Inc. ST: Ohio IN: AIR SU: ERN


BM -- CL012 -- 2430 07/23/92 11:00 EDT
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Publication:PR Newswire
Date:Jul 23, 1992
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