Printer Friendly

Tower Air releases February 1996 traffic results; reports increased scheduled service traffic.

JOHN F.KENNEDY INTERNATIONAL AIRPORT, N.Y.--(BUSINESS WIRE)-- March 7, 1996--Tower Air, Inc. (Nasdaq National Market:TOWR) today reported similar total block hours flown in February 1996 of 2,519 hours compared to the year ago figure of 2,599 hours.

For the two-month period ended Feb. 29, 1996, total block hours flown decreased 1.7% to 5,649 hours from 5,746 hours during the same period in 1995.

Scheduled passenger service available seat miles (ASMs) in February 1996 increased 18.2% to 324 million from 274 million in February 1995. For the two-month period ended Feb. 29, 1996, ASMs increased 17.0% to 736 million from 629 million in the comparable 1995 period.

Scheduled service revenue passenger miles (RPMs) in February 1996 increased 19.0% to 225 million from 189 million in February 1995. For the two-month period ended Feb. 29, 1996, RPMs increased 17.3% to 508 million from 433 million in 1995.

The increases in scheduled passenger service ASMs and RPMs in February 1996 when compared to the same period in 1995, were attributable to increased passenger traffic in the San Juan, San Francisco, Los Angeles, and Tel Aviv markets.

Tower Air, one of the busiest U.S. carriers at John F. Kennedy International Airport, operates scheduled domestic and international service from New York to Los Angeles, Miami, Paris, Rio de Janeiro, San Francisco, San Juan, Sao Paulo and Tel Aviv. Additionally, the company provides world-wide commercial and military charters as well as cargo air service.


 Month Ended February 29,
 1996 1995 Change

Total block hours flown 2,519 2,599 -3.1 %
(a) Available seat miles
 (millions) 324 274 18.2 %
(a) Revenue passengers carried
 (thousands) 86 62 38.7 %
(a) Revenue passenger miles
 (millions) 225 189 19.0 %
(a) Passenger service load factor 69.4 % 69.0 % 0.4 pts

 Two Months Ended February 29,
 1996 1995 Change

Total block hours flown 5,649 5,746 -1.7 %
(a) Available seat miles
 (millions) 736 629 17.0 %
(a) Revenue passengers carried
 (thousands) 185 142 30.3 %
(a) Revenue passenger miles
 (millions) 508 433 17.3 %
(a) Passenger service load factor 69.0 % 68.8 % 0.2 pts

(a) Scheduled Passenger Service


CONTACT: Tower Air

Josefina M. Essex

COPYRIGHT 1996 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Mar 7, 1996
Previous Article:Tylenol urges industry to follow its lead on voluntary alcohol labeling.
Next Article:Foremost Insurance Group responds to storms in Alabama, Arkansas, Georgia and Mississippi; urges affected customers to call toll-free claims hotline.

Related Articles
Tower Air releases January 1996 Traffic Results; reports scheduled service load factors comparable to 1995 on increase capacity.
Tower Air releases July 1996 traffic results.
Tower Air reports Aug. 1996 traffic results.
Tower Air Reports September 1996 Traffic Results.
Tower Air releases February 1997 traffic results.
Airline Finance News - Europe.
Airport News - North America.

Terms of use | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters