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Article: Air Transportation Holding Company Inc. reports unaudited fiscal 1989 net loss of $3,676,000 including $3,032,000 in non-operating expense.
- Article from:
- PR Newswire
- Article date:
- June 28, 1989
CopyrightCOPYRIGHT 1989 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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AIR TRANSPORTATION HOLDING COMPANY, INC. REPORTS UNAUDITED FISCAL 1989 NET LOSS OF $3,676,000 INCLUDING $3,032,000 IN NON-OPERATING EXPENSE
DENVER, N.C., June 28 /PRNewswire/ -- Air Transportation Holding Company, Inc. (AirT) (NASDAQ: AIRT) today reported a preliminary unaudited consolidated net loss of $3,676,000 (($.23) per share) for its 1989 fiscal year ended March 31, 1989 compared to net earnings of $260,000 ($.02 per share) for fiscal 1988. Included in the fiscal 1989 net loss is $3,032,000 of costs associated with restructuring of the Company's aircraft fleet, including $2,731,000 in provisions for loss on disposal of aircraft, recorded to reflect the ...
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