Article: Midway Airlines Reports Third Quarter Operating Income Up 41%; Eighth Consecutive Profitable Quarter.

RALEIGH/DURHAM, N.C., Oct. 30 /PRNewswire/ -- Midway Airlines Corporation (Nasdaq: MDWY) (http://www.MidwayAir.com) today reported net income for the third quarter of $5.7 million versus $1.7 million in the 1997 third quarter. The 1998 results include a $3.7 million income tax benefit resulting from a change in the Company's effective tax rate. Excluding the tax benefit, net income of $2.0 million was up 16 percent from the third quarter of 1997. Operating income rose 41 percent to $4.0 million from $2.8 million in 1997's third quarter. The results, with or without the tax benefit, were a record for a third quarter and the Company's eighth consecutive profitable quarter. ...

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