Mair Holdings followed through on previous warnings of significant losses for fiscal 2006, citing the bankruptcy of subsidiary Mesaba as the cause of plunging profits. The company recently said its losses would fall between $80 million and $85 million (DAILY, June 16) for the year, and yesterday it reported a net loss of $82.8 million, versus a $7.4 million profit in 2005. Mair also posted a steep $54 million loss for the fourth quarter, compared with a small loss of $1.7 million ...
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