Here's one ATA employee speaking up...
I'm a CSA for ATA at Minneapolis-Saint Paul. New uniforms 10/1, plus all the new cities Joe (Jjbiv) spoke of are coming online soon.
ATA did post a $28.2M loss for Q2, but posted a profit for Q1. ATA ended Q2 with $150M+ in unrestricted cash.
Tague has left, leaving Mikelsons in control and set to reorganise. One of the items he has stressed is using the L10s more often.
A $168M loan is still pending, though ATA mgmt has taken the stance that we should not EXPECT the loan, but if we get it, we're that much more stable. Under no circumstances will it be used for further capital investment, but rather a cash backup for the times ahead.
I love working for ATA, as the fare are affordable, we take great care of our passengers/customers, serve great destinations on clean new Boeing 738/752/753s with inflight movies/sitcoms on longer flights. There's no first class, and we pack 'em in, but I believe we offer a tremendous value to our customer.
Having just opened up CLT, I can't help but think that is killing US Airways... though they just declared bankruptcy this morning. I can't wait for the NYSE to open up!
Hey Joe: any truth to the rumour that C8 might open up a MDW-YYZ flight???
Thanks for the interest in ATA! I truly hope they continue to grow at a slow but steady pace!