It starts at 10AM EDT and it looks like a quick registration is required.
Obviously, the ATA news is going to be at the forefront, but other issues will be very interesting and pertinent as well.. fuel costs, the effect of the hurricanes, negotiations with the flight attendants, possible changes to the delivery schedule, etc.
The street is estimating a loss of 7 cents per share for the quarter.
Kohflot From , joined Dec 1969, posts, RR: Reply 3, posted (8 years 7 months ago) and read 1407 times:
It does appear that the street sees the ATA deal as favorable. The loss for the quarter was 11 cents per share, which is substantially worse than the 7 cents that was expected. Though I think the bad news was already priced in the stock to some extent, I don't think we'd see the stock up 5% without the 'good' ATA news.
Kohflot From , joined Dec 1969, posts, RR: Reply 5, posted (8 years 6 months 4 weeks 1 day 23 hours ago) and read 1357 times:
Some points/highlights from the conference call:
* Took delivery of 3 737s and 1 717 in the third quarter.
* Hurricanes cost $8 million in cancellations alone.
* The 717s are out-of-warranty now. There is a power-by-the-hour deal in place for the engines, though.
* Incoming 737s are obviously under warranty as they arrive.
* Cash balance of $347 million at the end of the third quarter.
* Fourth quarter deliveries include 2 717s and 3 737s.
* The contract with Ryan Intl. ends in November.
* They've been advised that there would be no problem raising the money for the ATA deal "from several markets" rather than using their own cash, if they so choose.
* As I indicated earlier, a surprising part of the ATA deal includes the right to build a 10-gate RJ facility at MDW. When asked about this, management indicated that they just want the flexibility to have RJs if they deem them useful.
* Wet-lease with ATA will include "15-27" 737-800s. They'll gradually be replaced with FL 700s. The wet-lease will be in place for 6 months to 1 year, though they hope it doesn't last a full year.
* A goal by the end of 2005 is to have ATL capacity down to 55%.
* They're expecting "rationalization" and "restructuring" of capacity (all airlines) on the East Coast.
* Specific mention was made about Southwest, US Airways, and Independence Air.
* They believe that a move into MDW will actually help Southwest. Using smaller aircraft will likely improve everyone's yields at MDW.
* Competition from Independence Air has cost AirTran approximately $5 million in the last quarter. Operating the RJ with their low fares is "one of the silliest things I've seen", according to Bob Fornaro (it sounded like him, if someone knows it was someone else, feel free to correct me).
* As for DFW - "A big push into Dallas is not in the cards." Dallas "goes on the back burner" because MDW is "easier and better".
Rumorboy From United States of America, joined Aug 2002, 351 posts, RR: 1 Reply 9, posted (8 years 6 months 4 weeks 1 day 22 hours ago) and read 1304 times:
I think Bob Fornaro was saying that as a percentage of revenue ATL will only account for about 55% of there total revenue. This is a good thing because it helps them deversify from ATL. I think right now ATL is about 65-70% of revenue.
Travatl From United States of America, joined Mar 2001, 2172 posts, RR: 11 Reply 11, posted (8 years 6 months 4 weeks 1 day 21 hours ago) and read 1184 times:
The % number actually means seats (capacity), not revenue (traffic). It's just simply a continued diversification of the route map. As capacity is increased, but placed elsewhere, obviously, the percentage of capacity of the route structure that goes thru ATL will decrease.