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Non-Tech : Great Lakes Aviation (GLUX)
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To: Mark FL who wrote (1)1/15/1998 1:21:00 PM
From: Ken Wesley  Read Replies (1) of 12
 
I think you might be interested in checking out the following site for additional discussion on GLUX: messages.yahoo.com

I know a few people who started to work for GLUX. That was when I became interested in the stock. A few years ago GLUX bought several Brasillia planes to add to their fleet of 1900's. The Brasillia is a much bigger plane and will hold many more passengers than the 1900.

Then, last spring, GLUX grounded many of their planes to upgrade them.
It was during this time that GLUX dropped some of their less profitable routes, and dropped their Pheonix connection. They also moved their office headquarters back to Spencer, Iowa from Minneapolis. While all this has lowered their number of passenger miles flown, it should drastically cut their expenses. This should lead to a better balance sheet and greater profitablity in the future.
IMHO

Ken W
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