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COMAIR HOLDINGS REPORTS FISCAL 1993 EARNINGS

 CINCINNATI, June 3 /PRNewswire/ -- Comair Holdings, Inc. (NASDAQ/NMS: COMR), the parent corporation of Comair, Inc., the Cincinnati and Orlando based "Delta Connection" airline, reported fourth quarter net income of $7.8 million on revenues of $68.6 million. Earnings for fiscal 1993 were $19.3 million, or $1.03 per share.
 Comair Holdings, Inc.'s comparable fourth quarter and fiscal year results are as follows (in 000's):
 Fourth Quarter Ended
 March 31
 1993 1992
 Passenger revenues $64,796 $54,106
 Other revenues 3,779 3,696
 Total revenues $68,575 $57,802
 Operating costs 55,453 50,255
 Operating income $13,122 $7,547
 Net nonoperating income (expense) (121) (147)
 Income before income taxes $13,001 $7,400
 Income taxes 5,190 2,942
 Net income $7,811 $4,458
 Weighted average number of shares 19,407 18,401
 Net income per share $.40 $.24
 Dividends paid per share $.047 $.045
 Operating Statistics:
 Passengers 579,758 497,278
 ASM's (000's) 296,191 272,055
 RPM's (000's) 133,750 109,397
 Load factor (percent) 45.2 40.2
 Breakeven load factor (percent) 36.6 35.1
 Yield (cents) 48.4 49.5
 Cost per ASM (cents) 17.9 17.5
 Fiscal Year Ended
 March 31
 1993 1992
 Passenger revenues $234,236 $202,391
 Other revenues 14,046 14,813
 Total revenues $248,282 $217,204
 Operating costs 216,028 196,052
 Operating income $32,254 $21,152
 Net nonoperating income (expense) (194) (500)
 Income before income taxes $32,060 $20,652
 Income taxes 12,792 8,240
 Net income $19,268 $12,412
 Weighted average number of shares 18,671 18,279
 Net income per share $1.03 $.68
 Dividends paid per share $.188 $.18
 Operating Statistics:
 Passengers 2,394,871 2,055,077
 ASM's (000's) 1,182,124 1,031,408
 RPM's (000's) 545,459 446,712
 Load factor (percent) 46.1 43.3
 Breakeven load factor (percent) 40.1 39.4
 Yield (cents) 42.9 45.3
 Cost per ASM (cents) 17.4 18.0
 -0- 6/3/93
 /CONTACT: Gloria M. Weber, director, corporate communications, Comair Holdings, Inc., 606-525-2550/
 (COMR)


CO: Comair Holdings, Inc. ST: Ohio IN: AIR SU: ERN

KL -- CL016 -- 5104 06/03/93 15:14 EDT
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Publication:PR Newswire
Date:Jun 3, 1993
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