Midwest Express Profits Fall 61 Percent Due To Fuel, Pilot Shortage

Midwest Express saw high jet fuel costs squeeze the bottom line, as net profits fell 61% to $4.3 million in the third quarter. Fuel costs soared from $14.3 million a year ago to $24.4 million in the most recent quarter. The company has not hedged fuel in the fourth quarter or beyond. Revenue grew 9...

Subscription Required

 

This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.

Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.

Already an AWIN subscriber? Login

 

Did you know?  Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.