| 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
|
|