Air Transport World

Midwest Express Holdings.(North America report)(reports second quarter financial results)(Brief Article)

Midwest Express Holdings, parent of Midwest Airlines and Skyway Airlines, earned $6.6 million in the second quarter, up significantly from just $900,000 a year ago. However, the improvement was owing to $11.4 million in security reimbursement, absent which the airline had a loss of $900,000. Operating revenues totaled $96.9 million, down 16.4%, and operating expenses fell 14.2% to $97.9 million. As a result, operating loss was $1 million, reversing an operating profit of $1. …

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