High Fuel Prices, Crew Training Costs Hold Down Midway Profits
Midway Airlines returned to profitability in the second quarter, but its net income fell 63% from the 1999 period to $1.5 million. Operating income also was down -- 60% to $2.8 million -- resulting in an operating margin of 3.8%. Revenue for the quarter grew 33% to $73.9 million, but the carrier...
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