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AirTran Posts 1st Quarter Profit

Wed Apr 25, 2007 9:24 pm

Not a lot of money, but a profit of 2.4 million is better than a loss, especially in a weak quarter.

[Edited 2007-04-25 14:25:19]

CHICAGO, April 25 (Reuters) - AirTran Holdings Inc. , parent of low-cost carrier AirTran Airways, posted a quarterly profit on Wednesday, reversing a year-ago loss as it charged higher fares.

The Orlando, Florida-based airline, said its net profit in the seasonally weak first quarter amounted to $2.4 million, or 3 cents per share, compared with a loss of $8.8 million, or 10 cents per share, a year earlier.

AirTran, which has its hub in Atlanta, said its revenue rose 21.3 percent to $504.5 million. The carrier said its average fare rose nearly 6 percent with a load factor of 70.1 percent.

The airline said it paid $166 million for fuel in the quarter, an increase of 13.7 percent over the same period in 2006.

AirTran, the 10th largest U.S. airline by revenue, has made a hostile bid worth about $389 million for rival Midwest Air Group . Midwest's management has called the offer "inadequate" and has encouraged shareholders to reject it.

[Edited 2007-04-25 14:26:03]
Nice Trip Report!!! Great Pics, thanks for posting!!!! B747Forever
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RE: AirTran Posts 1st Quarter Profit

Wed Apr 25, 2007 9:28 pm

So much for airTran being the little airline that couldn't... Wink
Burma's constitutional referendum options: A. Yes, B. Go to Insein Prison!
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RE: AirTran Posts 1st Quarter Profit

Wed Apr 25, 2007 11:25 pm

I guess theres money now to buy ground service someone in a previous FL thread pointed out...

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