Article: Air Transportation Holding Company Inc. reports unaudited fiscal 1989 net loss of $3,676,000 including $3,032,000 in non-operating expense.

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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