Printer Friendly

COMAIR HOLDINGS REPORTS SECOND QUARTER EARNINGS AND QUARTERLY CASH DIVIDEND

 COMAIR HOLDINGS REPORTS SECOND QUARTER EARNINGS
 AND QUARTERLY CASH DIVIDEND
 CINCINNATI, Oct. 29 /PRNewswire/ -- Comair Holdings, Inc. (NASDAQ/NMS: COMR), the parent corporation of Comair, Inc., the Cincinnati and Orlando based "Delta Connection" airline, reported second quarter net income of $2.9 million on revenues of $57.6 million. Earnings for the first six months of fiscal 1992 were $5.3 million, or $.43 per share.
 The Comair Holdings, Inc. board of directors also declared a $.07 per share cash dividend for shareholders of record on Nov. 9, 1992 payable Nov. 18, 1992.
 Comparable second quarter and six months results are as follows (in 000's):
 Second Quarter Ended Six Months Ended
 September 30, September 30,
 1992 1991 1992 1991
 Passenger revenues $ 54,400 $ 47,989 $106,818 $ 97,465
 Other revenues 3,245 3,509 6,772 7,633
 Total revenues $ 57,645 $ 51,498 $113,590 $105,098
 Operating costs 52,828 48,802 104,797 96,657
 Operating income $ 4,817 $ 2,696 $ 8,793 $ 8,441
 Net nonoperating
 income (expense) (20) (40) 21 (267)
 Income before
 income taxes $ 4,797 $ 2,656 $ 8,814 $ 8,174
 Income taxes 1,914 1,044 3,514 3,267
 Net income $ 2,883 $ 1,612 $ 5,300 $ 4,907
 Weighted average
 number of shares 12,286 12,161 12,285 12,159
 Net income per share $ .23 $ .13 $ .43 $ .41
 Dividends paid per
 share $ .07 $ .067 $ .14 $ .134
 Operating Statistics:
 Passengers 618,652 529,060 1,191,732 1,044,408
 ASM's (000's) 299,194 259,518 584,126 505,091
 RPM's (000's) 142,114 114,500 269,066 224,311
 Load factor (pct) 47.5 44.1 46.1 44.4
 Breakeven load
 factor (pct) 43.3 42.2 42.6 41.3
 Yield (cents) 38.3 41.9 39.7 43.5
 Cost per ASM (cents) 16.9 17.9 17.1 18.1
 -0- 10/29/92
 /CONTACT: Gloria M. Weber, director, corporate communications, Comair Holdings, Inc., 606-525-2550/
 (COMR) CO: Comair Holdings, Inc. ST: Ohio IN: AIR SU: ERN DIV


BM -- CL018 -- 6622 10/29/92 13:33 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 29, 1992
Words:352
Previous Article:MOBIL TO EXPAND OPP PLANT IN EUROPE
Next Article:NATIONAL HOME HEALTH CARE ANNOUNCES EARNINGS
Topics:


Related Articles
COMAIR HOLDINGS REPORTS FIRST QUARTER EARNINGS
COMAIR HOLDINGS REPORTS QUARTERLY EARNINGS AND DIVIDEND
COMAIR HOLDINGS REPORTS RECORD EARNINGS
COMAIR HOLDINGS REPORTS SECOND QUARTER EARNINGS
COMAIR HOLDINGS REPORTS FISCAL 1996 EARNINGS
COMAIR HOLDINGS REPORTS RECORD QUARTERLY EARNINGS
COMAIR Holdings Reports Record First Quarter Earnings
Comair Holdings Reports Increased Third Quarter Earnings
Comair Holdings Reports Record Quarterly Earnings for the Second Quarter.
Comair Holdings Reports Record Quarterly Earnings; Increases Quarterly Dividend.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters