AirTran Holdings, Inc., Reports First Quarter Net Income
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The parent company of AirTran Airways, Inc.,(23-Apr-09) reported record net income of USD28.7 million or USD0.21 per diluted share for the first quarter along with record operating income of USD47.7 million. The Company also posted revenues of USD542.0 million and achieved the highest first quarter load factor in Company history at 76.3 %.
AirTran Airways acaba de hacer público (23 Abr 09) unos resultados record: un beneficio neto de 28.7 millones de dólares ó 0.21 dólares por acción diluida durante el primer trimestre con una ganancia operativa de 47.7 millones de dólares. La aerolínea también obtuvo unos ingresos de 542.0 millones de dólares y un factor de carga de 76.3% durante el primer trimestre; el mayor jamás alcanzado en la historia de la compañía.
The combination of lower fuel prices, low costs, and quality service coupled with fleet and route network adjustments has resulted in the Company posting its best first quarter earnings in history. Total fuel costs for the quarter were down 50.5 %year-over-year on a 7.2% reduction in capacity as measured by available seat miles (ASMs).
AirTran Airways' chairman, president and chief executive officer Bob Fornaro explained"Our ability to report a profit today is rooted in the difficult decisions we made last year. AirTran Airways was among the first airlines to react to the changing economic environment and we are among the first to show signs of recovery," "Our Crew Members deserve much of the credit as they continue to provide a high-quality product to our customers seeking real value and we are pleased to have been recognized, for the second consecutive year, as first in quality among major carriers in 2008."
During the first quarter, AirTran Airways expanded service in several markets that represented opportunities for significant traffic. Flights in Milwaukee have increased more than 50 percent year over year and more than 30 scheduled daily departures are planned for the Summer schedule. Additional flights and new cities were also added to the Orlando route network and AirTran Airways now has more than 60 peak day departures to 36 destinations and is the second largest carrier to America's top vacation destination.
(c) Centre for Asia Pacific Aviation. Date posted: 23-Apr-09
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AirTran Holdings, Inc., Reports First Quarter Net Income 
