Tower Air Logs Fourth Quarter Loss, Marginal 1994 Profit
Tower Air reported a net profit of $568,000, four cents per share, for the year ended Dec. 31, 1994, well below its net income of $9.9 million in 1993. Operating revenues increased 8% in 1994 to $368 million. The company cited growth in scheduled passenger and cargo traffic, offset by reduced...
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