October 20, 1986
To prevent confusion between itself and its Pacific Southwest Airline subsidiary, PSA Inc.'s board of directors has proposed that the holding company's name be changed to PS Group Inc. Shareholders will vote on the proposed name change at a special shareholders meeting Nov. 18 in San Diego.
October 23, 1986 |
Benefitting from a strong performance by its Pacific Southwest Airlines subsidiary, San Diego-based PSA Inc. on Wednesday reported a 5% increase in net income to $9.6 million and a 16% rise in revenues to $243 million for the third quarter ended Sept. 30. For the nine months PSA Inc. reported a $9 million net loss and revenues of $682 million, up 15%, for the nine-month period. The parent company reported a $16.4 million net profit a year ago.
February 20, 1986 |
Despite a $648,000 net loss on airline operations and an $11.9-million write-down by its oil and gas operation, PSA Inc. on Wednesday reported that its net income rose 111% to $26.8 million and revenues rose 13% to $779.9 million for the year ended Dec. 31. PSA Inc. reported that for the fourth quarter, net income rose 262% to $10.5 million and revenues rose 19% to $202.3 million. The performance of PSA Inc.'s aircraft leasing subsidiary, which benefited from $8.
June 4, 1986 |
PSA Inc. on Tuesday broke with past practice and offered a portion of its Pacific Southwest Airlines subsidiary to the public, announcing an offering of three million shares of common stock that could raise as much as $24 million. The offering, which was described as a "positive" move by airline industry analysts, would make available to the public airline common stock that previously had been held only by PSA Inc., the San Diego-based parent company of Pacific Southwest Airlines. PSA Inc.
September 16, 1986
PSA Inc., parent company of Pacific Southwest Airlines, said it might change its name to "alleviate potential confusion" created by a recent public stock offering for the airline. In addition to owning Pacific Southwest Airlines, San Diego-based PSA Inc. is active in aircraft leasing and energy sales and production. The PSA Inc. board will vote on the name change at a Nov. 18 meeting.