| Business Summary | | Vanguard
Airlines,
Inc.
is
a
value-priced
airline
offering
scheduled
jet
service
from
a
hub
in
Kansas
City,
Missouri.
As
of
March
1,
2001,
the
Company
operated
11
leased
Boeing
737-200
jet
aircraft,
and
commenced
operations
using
MD-80
series
jet
aircraft,
on
April
1,
2001.
The
Company
operates
approximately
50
daily
flights
to
or
from
its
hub
in
Kansas
City,
Missouri,
serving
Atlanta,
Austin,
Buffalo/Niagara
Falls,
Chicago-Midway,
Dallas/Fort
Worth,
Denver,
Los
Angeles,
Myrtle
Beach,
New
Orleans,
New
York
City
and
Pittsburgh.
Operations
to
San
Francisco
and
Las
Vegas
are
scheduled
to
commence
on
April
1,
2001.
During
2000,
the
Company
discontinued
most
service
that
did
not
connect
to
its
hub
in
Kansas
City,
including
service
between
Chicago-Midway
and
each
of
Denver,
Minneapolis,
Pittsburgh,
Buffalo/Niagara
Falls
and
Cincinnati. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Vanguard
Airlines
is
a
lowfare
airline
offering
convenient,
non-stop
and
connecting
scheduled
jet
service
to
destinations
in
established
markets
for
business
and
leisure
travelers.
For
the
six
months
ended
6/30/01,
revenues
fell
14%
to
$56.7
million.
Net
loss
rose
78%
to
$18.3
million.
Revenues
reflect
a
decrease
in
yields
due
to
an
increase
in
the
average
length
of
hauls.
Higher
loss
also
reflects
higher
passenger
service
costs
and
increased
personnel
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Scott Dickson Chairman,
Pres, CEO | -- | David Rescino, 41 CFO,
VP-Fin. | -- | William McKinney, 61 VP-Operations | $110K | Bob Rowen, 44 VP,
Gen. Counsel, Sec. | -- | Gregory Aretakis, 48 VP
of Marketing | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|