Midway Reports First Loss In Over Four Years Due To High Costs

Midway Airlines reported a first quarter loss Friday after 13 consecutive profitable quarters. In a quarter "burdened" with high fuel prices, a record snowstorm that shut down the airline, new aircraft training costs and nearly $6 million in aircraft retirement charges, Midway lost $7.6 million. It...

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.