MAIR Holdings, parent of Mesaba Airlines and Big Sky Airlines, reported a loss of $82.8 million in a fiscal year ended March 31 that turned on the bankruptcy of its primary subsidiary last fall (ATWOnline, Oct. 14, 2005). MAIR earned $7.4 million in the prior fiscal year. Mesaba lost $70.7 million in the current 12-month period, including a $45.6 million fourth-quarter net loss driven by $20.2 million in reorganization items, a $6.2 million operating loss and a $29.1 million reserve for ...

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