MIDWAY AIRLINES REPORTS OCTOBER TRAFFIC
MIDWAY AIRLINES REPORTS OCTOBER TRAFFIC CHICAGO, Nov. 8 /PRNewswire/ -- Midway Airlines, Inc.
(NYSE: MDW) today reported traffic results for October 1991.
According to Thomas E. Schick, president and chief operating officer, the results for October reflect the company's previously announced decision to close its hub operation at Philadelphia effective May 1, downsize system operations and focus on its Chicago markets served through Midway Airport. Reflecting the closure of the Philadelphia hub operation, the company's capacity was reduced and available seat miles (ASMs) decreased 30.2 percent to 506.6 million. Revenue passenger miles (RPMs) for October 1991 were 253.6 million, a decrease of 35.8 percent compared to October 1990. The company enplaned 369,768 passengers during the month which produced a load factor of 50.1 percent. Year-to-date (YTD) RPMs decreased 18.4 percent over 1990 to 3.4 billion. ASMs declined 19.2 percent to 5.7 billion YTD. The company enplaned 4,698,225 passengers through October, a decrease of 21.6 percent. The 1991 YTD load factor through October was 58.9 percent. The data includes the operations of the company's wholly owned commuter subsidiary, the Midway Commuter. Midway Airlines and its wholly owned subsidiary, the Midway Commuter, offer service from Chicago's close-in Midway Airport to 41 destinations. MIDWAY AIRLINES TRAFFIC October 1991 October 1990 Percent Passengers Change Enplaned 369,768 576,999 -35.9 RPMs (000) 253,612 395,067 -35.8 ASMs (000) 506,559 725,858 -30.2 Load Factor (as a percent) 50.1 54.4 -4.3 pts. YTD 1991 YTD 1990 Percent Passengers Change Enplaned 4,698,225 5,993,678 -21.6% RPMs (000) 3,377,023 4,139,605 -18.4% ASMs (000) 5,732,867 7,096,611 -19.2% Load Factor (as a percent) 58.9 58.3 +0.6 pts. -0- 11/8/91 /CONTACT: Sandra Allen of Midway Airlines, 312-838-4813/ (MDW) CO: Midway Airlines Inc. ST: Illinois IN: AIR SU: TS -- NY029 -- 0895 11/08/91 11:34 EST
|Printer friendly Cite/link Email Feedback|
|Date:||Nov 8, 1991|
|Previous Article:||UNILEVER ANNOUNCES THIRD QUARTER RESULTS AND INTERIM DIVIDEND|
|Next Article:||SHERWOOD TO ACQUIRE RAMIA HOLDINGS|