Big Sky parent company MAIR Holdings
plans to regain profitability by the fourth quarter of 2008.
The company posted a $2.5 million
loss for the second quarter, which it attributes to startup costs for its
Northeast expansion into four new markets and fuel costs.
MAIR president and CEO Paul Foley
said during an earnings call today that the airline will be in the black “as
[it] receives more aircraft” for the more lucrative Boston
market it entered in April for Delta Air Lines.
During the second quarter, the
airline took delivery of three of eight Raytheon Beech 1900D turboprops it will
buy for its work on behalf of Delta. Foley said he expects to take delivery of
the remaining aircraft during the next four months.
Of the east coast service, he said,
the “new markets [are] showing real progress”.
The company will also name a new CFO
around the time it submits its annual filing with the US Securities and
Exchange Commission. CFO Robert Weil resigned in October, Foley said.