Local News

Taking Stock of Midway

Posted August 15, 2001

— Stock for

Midway Airlines

can be found on the

Nasdaq

(

MDWY

) and has been taking a beating over the last year.

The 52-week high topped out at $6, and 52 week low is recorded at $2.65. The stock closed Mondayat nine cents above the low at $2.74. The stock was not traded Tuesday.

Midway had been a private company until late 1997, when the company decided to sell stock in order to buy new jets.

The Midway fleet is one of the youngest in service, at about three years per jet. The airline started with a $60 million public offering.

Midway was bought in February 1997 by Jim Goodnight, founder of the Cary-based

SAS Institute

.

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