Article: CCAIR Reports Unaudited Profit For First Quarter Ended September 30, 1996 And Announces New Fleet Plan

CHARLOTTE, N.C., Nov. 14 /PRNewswire/ -- CCAIR, Inc. (Nasdaq: CCAR), an independent airline providing service as USAir Express in the southeast United States reported unaudited financial results today for the first quarter ended September 30, 1996.

CCAIR reported quarterly net earnings of 4 cents per share for its first fiscal quarter ended September 30, 1996. As noted in the comparison table below, this reflects continued improvement from prior years' results for comparable quarters.

The significant changes for the quarter ended September, 1996 compared to quarter ended September, 1995 are passenger revenue improvement of $1,393,383 due to:

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