SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO Section 13 or 15(d) of the Securities Exchange Act of 1934
Dated of Report: February 3, 1998
RENO AIR, INC.
(Exact name of registrant as specified in its charter)
Nevada 0-20360 88-0259913
(State or other jurisdiction (Commission File (IRS Employer
of incorporation Number) Identification No.)
220 Edison Way 89502
Reno, Nevada 89502 (Zip Code)
(Address of Principal Executive
Offices)
(702) 954-5000
(Registrant's telephone number, including area code)
<PAGE>
ITEM 5. Other Events
Reno Air's press release dated February 2, 1998, is included herewith as
Exhibit 99.1.
ITEM 7. Financial Statements and Exhibits
Page
Exhibit 99.1 Reno Air Press Release dated February 3, 1998 3
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.
RENO AIR, INC.
By: /s/ROBERT M. ROWEN
Robert M. Rowen
Vice President and General Counsel
and Secretary
RENO AIR EXPECTS FOURTH QUARTER AND ANNUAL LOSS
RENO, Nev., Feb. 3, 1998 - Reno Air, Inc. [(NASDAQ:RENO), (PCX:RNO)] today
confirmed it will incur a substantial loss for the full year 1997, and its loss
for the fourth quarter of 1997 will significantly exceed the $6.3 million loss
realized in the fourth quarter of 1996. The actual financial results are
scheduled to be available February 18.
"As mentioned in our earlier press releases, the cutover to a new SABRE
reservations system significantly impacted our revenues as well as our costs in
the fourth quarter of 1997," said Reno Air President and CEO Robert W. Reding.
"Due to the disruption caused by the transition, we were not able to handle the
large volume of incoming reservations calls. This was compounded by substantial
increases in engine maintenance expenses due to an unusually high rate of
unscheduled engine removals during 1997, accompanied by general increases in
overhaul rates and a rise in our personnel costs."
"On the positive side, the switch to SABRE is an investment in our future, and
with the conversion behind us, we can realize the long-term system benefits.
Also, our cash position remains strong."
Except for historical information contained herein, this document contains
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. These statements involve known and unknown risks
and uncertainties that may cause the company's actual results or outcomes to be
materially different from those anticipated or discussed herein. Further, the
company operates in an industry sector in which securities values may be
volatile and may be influenced by regulatory or other factors beyond the
company's control. In assessing forward-looking statements contained herein,
readers are urged to read carefully all cautionary statements contained in the
company's public filings with the Securities and Exchange Commission.
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Reno Air Corporate Communications and Investor Relations: (702) 954-5000
website: www.renoair.com.
