MAIR Holdings, parent of Mesaba Aviation and Big Sky Transportation, reported a net loss of $1.1 million for the third fiscal quarter ended Dec. 31, narrowed from a loss of $4.5 million in the year-ago period. Operating revenues fell sharply to $6 million from $21.2 million and expenses dropped to $8.4 million from $28.8 million. "This quarter aptly illustrates the complexity of our industry," MAIR President and CEO Paul Foley said. Mesaba Aviation reported a net loss of $30.8 million for ...
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