Hospitality Industry News - Financial

Revenues from continuing operations for the three months ended December 31, 2009, totaled $245.3 million, as compared to $253.7 million a year earlier, including $51.9 million and $56.4 million from the Golden Nugget, respectively. - More

Financial initiatives that improved store level margins to 15.1% of total revenue, lowered G&A by 22.9% to $37.0 million, and eliminated all long term debt. - More

Western Sizzlin Corporation (Nasdaq: WEST) announced today that it has commenced the mailing of a definitive proxy statement/prospectus in connection with the proposed acquisition of Western by The Steak n Shake Company ( SNS). - More

Supertel Hospitality, Inc. (NASDAQ: SPPR), a real estate investment trust (REIT) which owns 114 hotels in 23 states, today announced that its 2009 results will be impacted by substantial non-cash impairment charges of approximately $24.1 million. - More

Rick’s Cabaret International, Inc. (NASDAQ: RICK), the nation’s premier operator of upscale gentlemen’s clubs, said sales at its nightclubs in February were $7.65 million, a 34.7 percent increase over sales of $5.58 million in February 2009. - More

Ruby Tuesday, Inc. (NYSE: RT) today announced that same-restaurant sales for Company-owned restaurants were -0.8% to -1.0% in the third quarter ended March 2, 2010, compared to the same quarter of the prior year. - More

United Airlines today reported its preliminary consolidated traffic results for February 2010. Total consolidated revenue passenger miles (RPMs) increased in February by 2.1% on a decrease of 5.3% in available seat miles (ASMs) compared with the same period in 2009. This resulted in a reported February consolidated passenger load factor of 78.7%... - More

During February 2010, total terminal passengers decreased 4.5% compared to the previous year; domestic passenger traffic decreased 6.0%, while international passenger traffic decreased 2.4% compared to February 2009. - More

Pinnacle Airlines Corp. (NASDAQ: PNCL) today released capacity and operational results for its Colgan Air, Inc. subsidiary for February 2010. - More

Pinnacle Airlines Corp. (NASDAQ: PNCL) today released capacity and operational results for its Pinnacle Airlines, Inc. subsidiary for February 2010. - More