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Profile - Tower Air, Inc. (OTC BB:TOWRQ.OB)
As of 31-Aug-2001
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More Info: nothing available.
Location
Hangar No. 17
J.F.K. International Airport
Jamaica, NY 11430
Phone: (718) 553-4300
Fax: (718) 553-4312
Email: info@towerair.com
Employees (last reported count): 1,467
Financial Links
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Transportation
 ·Industry: Airline
Company Website
 ·Home Page

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Ownership
·Insider and 5%+ Owners: 84%
·Institutional: 0% (0% of float)
(5 institutions)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Tower Air, Inc. (Tower Air) provides low-cost scheduled and charter, passenger and cargo air service in diverse domestic and international markets. Tower Air offers international and U.S. scheduled service to Athens, Los Angeles, Miami, New York, Paris, San Francisco, San Juan and Tel Aviv. Passengers traveling in Economy Class enjoy seats with more legroom and extra-large overhead bins for carry-on luggage. Business Class features wide seats located in the front cabin (where most carriers offer first-class seating) and in a dedicated, non-smoking cabin in the exclusive upper deck. The airline also provides charter service to several United States and foreign tour operators, principally serving Greece, Italy and is a major supplier of charter passenger and cargo services to the United States military and the United Nations.
More from Market Guide: Expanded Business Description

Financial Summary
Tower Air Inc., provides long-haul scheduled and charter passenger air service in international and domestic markets. The Company also operates all cargo service and ad hoc third party maintenance service. For the nine months ended 9/30/99, revenues fell 3% to $366.4 million. Net loss totalled $5.6 million vs. income of $5.2 million. Revenues reflect decreased activities in Hajj charter operations. Net loss reflects increased aircraft fuel consumption.
More from Market Guide: Significant Developments

Officers
FY1998 Pay

Morris Nachtomi, 62
Chairman, Pres and CEO
$1000K
William Cain, 42
Sr. Vice-Pres -- Maintenance & Engineering
--  
Philip Brookmeyer, 44
VP -- Legal & Deputy Gen. Counsel
--  
David Lithgow, 58
VP -- Flight Operations
--  
Badar Mir, 40
VP -- Financial Accounting
--  
Dollar amounts are as of 31-Dec-1998 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 -- OTC BB:TOWRQ.OBAs of 31-Aug-2001
Price and Volume
52-Week Low
on 28-Nov-2000
$0.016
Recent Price$0.07 
52-Week High
on 6-Feb-2001
$0.125
Beta1.22 
Daily Volume (3-month avg)1,364 
Daily Volume (10-day avg)0 
Stock Performance
52-Week Change-44.0%
52-Week Change
relative to S&P500
-24.9%
Share-Related Items
Market Capitalization$1.08M
Shares Outstanding15.4M
Float2.50M
Dividends & Splits
Annual Dividendnone 
Last Splitnone 
Per-Share Data
Book Value (mrq)$3.22 
Earnings (ttm)-$0.61 
Earnings (mrq)-$0.07 
Sales (ttm)$30.60 
Cash (mrq)$0.36 
Valuation Ratios
Price/Book (mrq)0.02 
Price/EarningsN/A 
Price/Sales (ttm)0.00 
Income Statements
Sales (ttm)$471.1M
EBITDA (ttm)$67.1M
Income available to common (ttm)-$9.38M
Profitability
Profit Margin (ttm)-2.0%
Operating Margin (ttm)0.9%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-Sep-1999
Management Effectiveness
Return on Assets (ttm)-2.60%
Return on Equity (ttm)-18.26%
Financial Strength
Current Ratio (mrq)0.28 
Debt/Equity (mrq)3.83 
Total Cash (mrq)$5.54M
Short Interest
As of 8-Mar-2000
Shares Short65.0K
Percent of Float2.6%
Shares Short
(Prior Month)
8,000 
Short Ratio0.83 
Daily Volume78.0K
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-Sep-1999)

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