| Business Summary | | Western
Pacific
Airlines,
Inc.
operates
a
low-fare
airline
from
its
hub
at
the
Colorado
Springs
Airport.
The
Company
currently
operates
up
to
37
daily
round
trips
between
Colorado
Springs
and
Seattle,
San
Francisco,
Portland,
Los
Angeles,
San
Diego,
Phoenix,
Houston,
Dallas/Ft.
Worth,
Oklahoma
City,
Tulsa,
Kansas
City,
Atlanta,
Indianapolis,
Orlando,
Chicago-Midway,
Washington-Dulles
and
Newark.
During
1996,
Western
Pacific
assisted
in
the
start-up
of
an
affiliated
regional
carrier,
Mountain
Air
Express,
Inc.
to
carry
traffic
into
and
out
of
Colorado
ski
markets
and
other
smaller
travel
markets
that
cannot
support
frequent
jet
aircraft
service.
In
November
1996,
Colorado
Springs
Car
Rental,
Inc.,
a
Thrifty
Rent-A-Car
franchise
and
a
100%-owned
subsidiary
of
Western
Pacific,
commenced
operations
from
its
base
in
Colorado
Springs.
Western
Pacific
has
a
fleet
of
15
138-passenger
Boeing
737-300
aircraft. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Western
Pacific
Airlines,
Inc.
operates
a
low-cost,
low-fare
airline
from
its
hub
at
the
Colorado
Springs
Airport.
Company
operates
a
fleet
of
15
Boeing
737-300
jet
aircraft.
For
the
nine
months
ended
9/97,
revenues
rose
23%
to
$146.1
million.
Net
loss
applicable
to
Common
totalled
$61.9
million,
up
from
$2.8
million.
Results
reflect
higher
capacity
and
a
higher
load
factor,
offset
by
one
time
charges
related
to
the
write-off
of
capitalized
costs
related
to
the
merger
with
Frontier. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1996
Compensation | | Pay | Exer | |
| Edward Beauvais, 60 Chairman | $248K | -- | Robert Peiser, 49 Pres,
CEO | 325K | -- | Mark Coleman, 50 Sr.
VP- Marketing and Planning | -- | -- | George Leonard, 56 VP-
Fin., CFO | -- | -- | Donald Applegarth, 34 VP-
Information Systems and CIO | 117K | $50K | Dollar
amounts are as of 31-Dec-1996 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|