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COMAIR HOLDINGS REPORTS QUARTERLY EARNINGS AND DIVIDEND

 CINCINNATI, Oct. 25 /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 $6.4 million on revenues of $72.7 million. Earnings for the first six months of fiscal 1993 were $14.4 million, or $.67 per share.
 The Comair Holdings, Inc. board of directors also declared a $.06 per share cash dividend for shareholders of record on Nov. 8, 1993 payable Nov. 17, 1993.
 Comparable second quarter and six months results are as follows (in 000's):
 Second Quarter Ended Six Months Ended
 Sept. 30 Sept. 30
 1993 1992 1993 1992
 Passenger revenues $69,195 $54,400 $135,827 $106,818
 Other revenues 3,520 3,245 7,384 6,772
 Total revenues $72,715 $57,645 $143,211 $113,590
 Operating costs 61,450 52,828 119,094 104,797
 Operating income $11,265 $ 4,817 $ 24,117 $ 8,793
 Net nonoperating
 income (expense) 542 (20) 1,051 21
 Income before
 income taxes $11,807 $ 4,797 $ 25,168 $ 8,814
 Income taxes 5,434 1,914 10,765 3,514
 Net income $ 6,373 $ 2,883 $ 14,403 $ 5,300
 Weighted average number
 of shares 21,453 18,429 21,449 18,427
 Net income per share $ .30 $ .16 $ .67 $ .29
 Dividends paid per
 share $ .06 $ .047 $ .12 $ .093
 Operating Statistics:
 Passengers 678,549 618,652 1,318,280 1,191,732
 ASM's (000's) 356,065 299,194 666,265 584,126
 RPM's (000's) 169,847 142,114 320,826 269,066
 Load factor (pct) 47.7 47.5 48.2 46.1
 Breakeven load factor 39.9 43.3 39.9 42.6
 Yield (cents) 40.7 38.3 42.3 39.7
 Cost per ASM (cents) 16.5 16.8 17.2 17.1
 -0- 10/25/93
 /CONTACT: Gloria M. Weber, director, corporate communications, of Comair, 606-525-2550/
 (COMR)


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

BM-KL -- CL025 -- 6406 10/25/93 14:19 EDT
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Publication:PR Newswire
Date:Oct 25, 1993
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