Midway Profit Down 68 Percent On Fuel Costs, Competition
Midway Airlines posted a fourth quarter net profit of $1.1 million, down more than 68% from the same 1998 period, when it earned $3.5 million. The carrier was slammed by rising fuel costs, increased competition at its Raleigh/Durham hub and a "Y2K-related revenue shortfall." Revenues for the quarter...
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