Pan Am Corp. posted a $14.6 million net loss in the first quarter

Pan Am Corp. posted a $14.6 million net loss in the first quarter on operating revenues of $21.7 million. Due to the late arrival of aircraft, Pan Am wet-leased several aircraft during the quarter. It operates four A300s and wet-leases three 727s. Pan Am said it is in talks to reduce the cost of its...

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