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TEXAS AIR NET INCOME UP 81%
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HOUSTON - An 81.58 percent jump in net income to a consolidated
total of $124.98 million, or $3.54 per share, was reported Monday for
the third quarter of 1986 by Texas Air Corp. of Houston.
The firm had reported net income of $68.8 million, or $2.85 per
share, over the same period last year.
Texas Air owns Eastern Airlines and Continental Airlines, which
service Will Rogers World Airport. In addition, Texas Air owns
People Express airlines and New York Air.
A Texas Air s...
Related newspaper, magazine, and journal articles from HighBeam Research
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TEXAS AIR CORP. NET INCOME DOWN 20% TO $72.7 MILLION
The Journal Record
; HOUSTON - A 20 percent decline in consolidated net income to $72.7 million was reported for 1986 Wednesday by Houston-based Texas Air Corp., which acquired Eastern and People Express airlines in the fourth quarter. The net income was down from $91 million in 1985. Per share, Texas Air had a net
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$109 million loss in qtr. for Texas Air
Chicago Sun-Times
; HOUSTON Texas Air Corp., parent of strike-crippled Eastern Airlines, reported Monday a $109.3 million second-quarter loss as revenue dropped by nearly half. Houston-based Texas Air said the loss on $1.4 billion in revenue compared with a loss of $255.9 million on revenue of $2.1 billion in the same
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Texas Air Files $1.5 Billion Suit Against 2 Major Unions at Eastern
The Washington Post
; Texas Air Corp., under siege from organized labor, yesterday filed a $1.5 billion criminal racketeering suit against two major unions at Eastern Air Lines, accusing them of trying to destroy the company. The suit came as Texas Air announced a $124.3 million loss for the first quarter of the year.
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Texas Air probed; Eastern faces fine
Chicago Sun-Times
; WASHINGTON The Transportation Department, raising questions about the financial health of Texas Air Corp., launched an investigation Wednesday into the finances and management of the largest U.S. airline company. At the same time, the Federal Aviation Administration said it was beginning a parallel
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SAS interest in Cont'l Airlines reported; Texas Air stock rises
Chicago Sun-Times
; NEW YORK Texas Air Corp. shares rose Monday on talk the Houston-based holding company may sell all or part of its Continental Airlines to a group including Scandinavian Airlines System. On the American Stock Exchange, Texas Air was the most actively traded issue, climbing $1.125 to close at $22.
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