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METRO AIRLINES, INC. ANNOUNCES RESULTS FOR SECOND QUARTER

 DALLAS, Dec. 16 /PRNewswire/ -- Metro Airlines, Inc. (NASDAQ: MAIRC) today announced financial results for the second quarter and six months ended Oct. 31, 1992. For the second quarter, operating revenues were $29.4 million, and the net loss was $188,000, or 3 cents per share. For the six months, operating revenues were $59.3 million, and net income was $501,000, or 8 cents per primary share (6 cents fully diluted). For the comparable periods of last fiscal year, second- quarter operating revenues were $30.2 million, and net income was $2.9 million, or 48 cents per share (36 cents fully diluted). For the six months ended Oct. 31, 1991, operating revenues were $60.8 million, and net income was $5.6 million, or 92 cents per share (69 cents fully diluted.
 Metro Airlines, one of the nation's largest regional airlines, operates as American Eagle and serves 23 cities from a hub at Dallas/Fort Worth International Airport.
 METRO AIRLINES INC.
 (In thousands, except per share amounts)
 Three months ended October 31 1992 1991
 Operating revenues $ 29,418 $ 30,208
 Income (loss) before
 extraordinary item (195) 1,939
 Extraordinary item (a) 7 1,005
 Net income (loss) (188) 2,944
 Per share (primary):
 Before extraordinary item $ (.03) $ .32
 Extraordinary item (a) --- .16
 Net income (loss) $ (.03) $ .48
 Per share (fully diluted:
 Before extraordinary item $ (.03) $ .24
 Extraordinary item (a) --- .12
 Net income (loss) $ (.03) $ .36
 Common shares outstanding
 (weighted average):
 Primary 6,114 6,114
 Fully diluted 6,114 8,140
 Six months ended October 31 1992 1991
 Operating revenues $ 59,291 $ 60,761
 Net income before
 extraordinary item 200 3,696
 Extraordinary item (a) 301 1,932
 Net income 501 5,628
 Per share (primary):
 Before extraordinary item $ .03 $ .60
 Extraordinary item (a) .05 .32
 Net income $ .08 $ .92
 Per share (fully diluted):
 Before extraordinary item $ .02 $ .45
 Extraordinary item (a) .04 .24
 Net income $ .06 $ .69
 Common shares outstanding
 (weighted average):
 Primary 6,114 6,114
 Fully diluted 8,140 8,140
 (a) Utilization of net operating loss carryforward
 -0- 12/16/92
 /CONTACT: Brian K. Miller, chief financial officer of Metro Airlines, 214-453-4400, or Larry Howell of Howell Communications, 214- 340-9994, for Metro Airlines/
 (MAIRC)


CO: Metro Airlines, Inc. ST: Texas IN: AIR SU: ERN

TM -- NY080 -- 7908 12/16/92 17:11 EST
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Publication:PR Newswire
Date:Dec 16, 1992
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