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| | Business Wire: Western Pacific Airlines confirms previously announced loss for the third quarter as expected (Site not responding. Last check: 2007-10-08) |
 | | COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--Oct. 25, 1996--Western Pacific Airlines, the low-fare carrier that uses Colorado Springs as its hub, incurred a $910,000 net loss, or 7 cents per share, for the third quarter of 1996, its fifth full quarter of service since it began operations on April 28, 1995. |
 | | This result was anticipated in a news release issued by Westpac on Sept. 30, 1996, when the company indicated that a loss of between $800,000 and $950,000 was expected. |
 | | Finally, the escalation of fuel prices and the reimposition of the 10 percent ticket tax were contributing factors to the economic results for the third quarter," said Ed Beauvais, the airlines' chairman and chief executive officer. |
| www.findarticles.com /p/articles/mi_m0EIN/is_1996_Oct_25/ai_18795042 (500 words) |
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