Vanguard Logs First Annual Operating Profit As Revenue Tops $100 Million
Vanguard Airlines, which teetered on the edge of bankruptcy only a year and a half ago, reported its first-ever annual operating profit of $1.5 million for 1998, up from an operating loss of $25.4 million in 1997. In the fourth quarter of 1998, the operating profit was $100,000 and the airline had a...
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