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Profile - Midway Airlines Corp. (MDWYQ)
As of 31-Aug-2001
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Recent Events
Aug 13Price hit new 52-week low ($2.65)
Location
2801 Slater Road, Suite 200
Morrisville, NC 27560
Phone: (919) 595-6000
Fax: (919) 595-1703
Email: comments@midwayair.com
Employees (last reported count): 1,868
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Analyst Upgrade/Downgrade History
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Transportation
 ·Industry: Airline
Company Websites
 ·Home Page
 ·Employment
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Ownership
·Insider and 5%+ Owners: 73%
·Over the last 6 months:
 · one insider buy; 4,000  shares
·Institutional: 10% (37% of float)
(30 institutions)
·Net Inst. Selling: 76.0K shares (+5.28%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Midway Airlines Corp. is an all jet aircraft operator serving 26 destinations in 14 states and the District of Columbia from its hub at Raleigh-Durham International Airport (RDU) in North Carolina, where the Company currently carries more passengers and operate more flights than any other airline. The Company organizes its business to attract and retain business travelers by providing frequent non-stop service from RDU to major business destinations, maintaining a high level of service and offering customers the opportunity to accrue benefits in a major airline's frequent flyer program. The Company currently provides non-stop service from RDU to 26 cities in 14 states and the District of Columbia. Although most of the cities it serves are located in the eastern third of the United States, the Company also provides service to Denver, Colorado and to San Jose, California. In August 2001, the Company filed a petition for relief under Chapter 11 of the United States Bankruptcy Code.
More from Market Guide: Expanded Business Description

Financial Summary
Midway Airlines Corp. is a jet aircraft operator serving 26 destinations in 14 states and the District of Columbia. For the six months ended 6/30/01, revenues rose 23% to $164.8 million. Net loss totaled $15.3 million, up from $6.1 million. Revenues reflect an increased number of passengers boarded and increases in administrative fee revenue and charters. Higher loss reflects increased employee, wage, fuel, aircraft rental and passenger related costs.
More from Market Guide: Significant Developments

Officers
FY2000 Pay

Robert Ferguson, lll, 52
Chairman, Pres, CEO
$275K
Steven Westberg, 46
Exec. VP and Gen. Mang.
209K
Jonathan Waller, 40
Sr. VP, Gen. Counsel and Sec.
226K
Thomas Duffy, Jr., 45
Sr. VP - Operations
158K
Lyn Hittle, 48
VP - Accounting & Financial Planning and Controller
--  
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
Statistics at a Glance -- MDWYQAs of 31-Aug-2001
Price and Volume
52-Week Low
on 13-Aug-2001
$2.65 
Recent Price$2.749
52-Week High
on 8-Sep-2000
$6.00 
Beta0.64 
Daily Volume (3-month avg)10.0K
Daily Volume (10-day avg)0 
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y]
52-Week Change-52.2%
52-Week Change
relative to S&P500
-35.9%
Share-Related Items
Market Capitalization$41.7M
Shares Outstanding15.2M
Float4.10M
Dividends & Splits
Annual Dividendnone 
Last Splitnone 
Per-Share Data
Book Value (mrq)$5.69 
Earnings (ttm)-$1.67 
Earnings (mrq)-$0.46 
Sales (ttm)$21.27 
Cash (mrq)$1.45 
Valuation Ratios
Price/Book (mrq)0.48 
Price/EarningsN/A 
Price/Sales (ttm)0.13 
Income Statements
Sales (ttm)$312.1M
EBITDA (ttm)-$16.8M
Income available to common (ttm)-$24.8M
Profitability
Profit Margin (ttm)-7.9%
Operating Margin (ttm)-9.4%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)-7.35%
Return on Equity (ttm)-26.54%
Financial Strength
Current Ratio (mrq)0.33 
Debt/Equity (mrq)1.70 
Total Cash (mrq)$22.0M
Short Interest
As of 9-July-2001
Shares Short5,000 
Percent of Float0.1%
Shares Short
(Prior Month)
8,000 
Short Ratio0.39 
Daily Volume13.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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