Last $0.42 USD
Change Today -0.1297 / -23.58%
Volume 46.0K
GLUX On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

great lakes aviation ltd (GLUX) Snapshot

Open
$0.54
Previous Close
$0.55
Day High
$0.70
Day Low
$0.42
52 Week High
03/26/14 - $1.15
52 Week Low
01/2/15 - $0.32
Market Cap
3.8M
Average Volume 10 Days
13.2K
EPS TTM
$-0.76
Shares Outstanding
9.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for GREAT LAKES AVIATION LTD (GLUX)

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great lakes aviation ltd (GLUX) Details

Great Lakes Aviation, Ltd., a regional airline company, operates as an independent carrier in the United States. It also operates as a code share partner, through agreements with United Air Lines, Inc. and Frontier Airlines, Inc. In addition, the company provides charter air services to private individuals, corporations, and athletic teams; and carries cargo on its scheduled flights. As of April 1, 2014, it served 30 airports in 9 states with a fleet of 6 Embraer EMB-120 Brasilias and 28 Beechcraft 1900D regional airliners. Great Lakes Aviation, Ltd. was founded in 1979 and is headquartered in Cheyenne, Wyoming.

442 Employees
Last Reported Date: 04/9/14
Founded in 1979

great lakes aviation ltd (GLUX) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: $155.0K
Co-Founder, Chairman and President
Total Annual Compensation: $175.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $150.0K
Compensation as of Fiscal Year 2013.

great lakes aviation ltd (GLUX) Key Developments

Great Lakes Aviation, Ltd. Announces Preliminary Passenger Traffic Results for the Month of January 2015

Great Lakes Aviation, Ltd. announced preliminary passenger traffic results for the month of January 2015. For the month, the company reported revenue passenger miles of 2,383,000 against 6,070,000 a year ago. Available seat miles were 6,567,000 against 14,663,000 a year ago. Load factor was 36.3% against 41.4% a year ago. RASM was 60.97 cents against 35.17 cents a year ago.

Great Lakes Aviation, Ltd. Announces Preliminary Passenger Traffic Results for the Month and Year to Date Ended December 2014

Great Lakes Aviation, Ltd. announced preliminary passenger traffic results for the month and year to date ended December 2014. For the month, the company reported revenue passenger miles of 3,121,000 against 9,644,000 a year ago. Available seat miles were 6,893,000 against 19,729,000 a year ago. Load factor was 45.3% against 48.9% a year ago. RASM was 65.79 cents against 39.28 cents a year ago. For the year to date, the company reported revenue passenger miles of 54,293,000 against 133,933,000 a year ago. Available seat miles were 118,996,000 against 334,426,000 a year ago. Load factor was 45.6% against 40.1% a year ago. RASM was 47.55 cents against 34.35 cents a year ago.

Great Lakes Aviation, Ltd. Enters into Loan Agreement with Callidus Capital Corporation

On December 22, 2014, Great Lakes Aviation, Ltd. entered into the loan agreement with Callidus Capital Corporation (the lender). Pursuant to the loan agreement, the lender agreed to make available to the company: (i) a $25,000,000 single advance term loan facility, (ii) a revolving loan facility with availability of up to $6,000,000 and (iii) a second revolving loan facility with availability of up to $3,000,000. The $25,000,000 term loan was disbursed at closing, and substantially all of its proceeds were used to pay all outstanding borrowings, fees and expenses under the credit agreement dated November 6, 2011 as amended between the company and Crystal Financial LLC and other lenders. The revolving loan facilities may be used for the company's working capital needs. The loans under the loan agreement mature on December 22, 2017 at which time all outstanding principal balances will be due and payable. No amortization payments will be required until the maturity date. Outstanding principal under the term loan and revolving loans will bear interest at a rate of 14% per year. In addition, the company paid a 1% facility fee at closing and will be required to pay a 1.25% facility fee on the maturity date or in an event of default. The company will also be assessed a 1% unused line fee. In connection with the loan agreement, the company granted first-ranking security interests to the lender covering substantially all of the assets of the business. The loan agreement contains certain affirmative and negative covenants which are usual and customary with asset based loans, and the company agreed to maintain a fixed charge coverage ratio.

 

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