Midwest Air Group Inc. (NASDAQ:MEH)
Industry: Services
Midwest Air Group, Inc. is a holding company of Midwest Airlines, Inc. (Midwest Airlines). Midwest Airlines operates a passenger jet airline that serves destinations throughout the United States from Milwaukee, Wisconsin and Kansas City, Missouri. Skyway Airlines, Inc., doing business as Midwest Connect, is a wholly owned subsidiary of Midwest Airlines and serves as the regional airline for the Company. Midwest Air Group, Inc. has three principal product offerings: Midwest Airlines Signature Service, Midwest Airlines Saver Service and Midwest Connect regional service. Midwest Airlines Signature Service, which is Midwest Airlines' traditional product, is a single-class, premium-service passenger jet airline that, as of December 31, 2005, operated in 19 cities in the United States. The Company offers its low-fare Midwest Airlines Saver Service in leisure-oriented markets and, as of December 31, 2005, Saver Service operated in 10 cities. Midwest Connect builds feeder traffic and provides regional scheduled passenger service to cities primarily in the Midwest. The Company's operating subsidiaries also provide aircraft charter services, transport air freight and mail, and provide other airline services. Midwest Airlines Operations Midwest Airlines has two bases of operations: Milwaukee and Kansas City. As of December 31, 2005, Midwest Airlines served 23 cities. Midwest Airlines provides non-stop service to most of its destinations from Milwaukee. As of December 31, 2005, Midwest Airlines provided non-stop service from Kansas City to 12 cities, and passengers in Kansas City can travel to most other cities throughout the route systems of Midwest Airlines and Midwest Connect via Milwaukee. Midwest Airlines has two other subsidiaries: Midwest Express Services-Kansas City, Inc. and Midwest Express Services-Omaha, Inc. YX Properties, LLC, is a wholly owned subsidiary of Midwest Express Services-Omaha, Inc. During the year ended December 31, 2005, Midwest Airlines continued a five-year codeshare agreement established in March 2001, with Air Midwest, Inc., a wholly owned subsidiary of Mesa Air Group, to provide passengers connecting service between Kansas City and select Midwestern cities. Midwest Airlines provided passengers with jet service to Kansas City and Air Midwest provided passengers with connecting service from Kansas City to seven Midwestern cities. Both the Midwest Airlines and Air Midwest segments are designated in computer reservation systems with Midwest Airlines' code. Midwest Connect Operations Midwest Connect's operation is independent from Midwest Airlines, including separate pilot, flight attendant, aircraft maintenance and customer service personnel. Midwest Airlines coordinates Midwest Connect's routes and schedules to complement Midwest Airlines' service by providing passengers on short-haul, low-density routes the ability to connect to Midwest Airlines flights in Milwaukee without switching carrier systems. As of December 31, 2005, Midwest Connect offered flights to 27 cities. Related Business The cargo business consists of transporting freight, United States Postal Service mail and counter-to-counter packages (Midwest Package Express) on regular passenger flights. As of December 31, 2005, Midwest Airlines operates two MD-80 series jet aircraft configured specifically for the purpose of providing charter services. The charter division also makes use of other fleet aircraft when available. The primary customers of charter services are professional athletic teams representing the National Hockey League, Major League Baseball and National Basketball Association, Division I college teams in football and basketball, and business groups and tour operators. Midwest Airlines generates revenue from inflight liquor sales, sales of its Best Care Cuisine buy-onboard food; rental of its inflight entertainment system, providing aircraft ground handling, cargo handling and aircraft maintenance services for other airlines and miscellaneous other services. The Company competes with Northwest Airl
As Of: 10/07 00:00 ET
*Quotes delayed by 20min.
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