Pensacolaguy From United States of America, joined Sep 2004, 539 posts, RR: 1 Posted (7 years 10 months 2 weeks 3 days 15 hours ago) and read 2416 times:
AirTran Holdings Inc., parent of AirTran Airways Inc., reported a net loss of $4.6 million, or 5 cents per share, for the first quarter of 2006.
AirTran officially attributed the loss in part to the shift of the Easter holiday from March to April, as well as increased fuel costs. Air Tran's unit operating costs increased 9.3 percent due largely to the 63 percent increase in the cost of fuel year-over-year.
Rumorboy From United States of America, joined Aug 2002, 353 posts, RR: 1
Reply 2, posted (7 years 10 months 2 weeks 3 days 13 hours ago) and read 2293 times:
They do have fuel hedges but nothing like SWA does. About 24% hedged next quarter. I think 15-20% hedged for the rest of the year. To grow capacity as much as they have and get a 38% revenue increase, grow cash and yields is not bad at all. Looks like fuel nipped them in the butt. 75 dollar oil is just not gonna do it. None fuel casm at 6.51 cents is very good(especially when there average stage length is less than 700 miles).