Cheyenne Airline Benefits from Boom
Laramie, Wy – Great Lakes Aviation reported a 20-percent increase in passengers on its planes during July, August and
The Cheyenne-based regional airline reported the increase in its quarterly report to the U-S Securities and Exchange Commission.
The company's vice president says the booming energy industry has benefited the airline.
He says the air carrier has seen a ten million dollar over-the-year increase in revenue. And operating income has gone from a 100-thousand dollar deficit to nearly six million in the black.
He also says the increased business enabled the airline to withstand fluctuations in fuel prices.