Vanguard Loses $24 Million During 1996, Receives Additional Capital
Vanguard Airlines lost $12.6 million in the fourth quarter, deepening its $5.4 million loss in the same 1995 period, and $24.1 million in 1996, nearly double 1995's $12.2 million loss. The airline cited higher fuel and maintenance costs and a "largely unsuccessful expansion initiative during...
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