VANGUARD AIRLINES REPORTS DECEMBER TRAFFIC,,JANUARY 9, 1997, 1:20 PM EST..
KANSAS CITY, MO JAN 9/PRNNewswire/--Vanguard Airlines (OTC:VNGD) reported that for the month of December 1996 traffic was approximately 54,165,000 revenue passenger miles (RPMs), an increase of 73.6% over 31,206,000 RPMS in December 1995. Capacity was approximately 90,193,000 available seat miles (ASMs) in December 1996, an increase of 45.3% over 62,082,000 ASMs in December 1995. Load Factor was 60.06% in December 1996 versus 50.27% in December 1995
Year-end comparisons for 1995 versus year-end 1996 were as follows:RPMs in 1995 increased 130.3% to approximately 667,845,000 in 1996. ASMs in 1995 increase 93.8% to approximately 1,090,058,000 in 1996. Load Factor in 1995 increase approximatel 9.69 points to 61.27% in 1996.
Vanguard, which began service in December 1994 and is headquartered in Kansas City, is a low-price, short-to medium-haul passenger airline providing conveniet, scheduled jet service. Vanguard serves the follwing cities:Atlanta, Chicago-Midway,Dallas/Ft. Worth, Denver, Des Moines, Ft. Myers, Kansas City, Las Vegas, Los Angeles, Miami, Minneapolis/St.Paul, Orlando, San Francisco, Tampa/St.Petersburg and Wichita. The Company currently employs 568 people and operates a fleet of eight aircraft, consisting of two Boeing 737-300s and six Boeing 737-200s.
Load Factor 60.05% 50.27% 9.78 pts. 61.28%41.58%9.69 pts. SOURCE Vanguard Airlines
"I feel there is still a buying opportunity in Vanguard. In May 1996 the stock was 12.00 and dropped to less than 2.00 in December. The new destinations that started just on December 21st,1996 and a cracker jack CEO reorganizing the Airline which apparently was under poor management prior to his arrival, and this news could make for a short term investment profit."
Harvey Kirby (Just my opinion) |
