Tower Air Loses $5 Million In Quarter, But Earnings Improve
Tower Air's first quarter earnings improved, slightly, but the airline still lost $5.4 million, compared with $8.1 million in the prior-year period. Operating revenues dropped 9.1% to $78 million. Expenses fell 14% to $85 million. During the quarter, Tower's scheduled passenger traffic shrank 26.5%...
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