Another Airline Makes a Profit: AirTran | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.20.24

Airborne-Unlimited-05.28.24

Airborne-FlightTraining-05.29.24 Airborne-Unlimited-05.30.24

Airborne-Unlimited-05.24.24

Thu, Jan 30, 2003

Another Airline Makes a Profit: AirTran

Largest 717 Fleet Reports Profitability for Fourth Quarter and Full-Year

AirTran Holdings, Inc., the parent company of AirTran Airways, Inc., is reporting fourth quarter and full-year earnings. Net income for the fourth quarter 2002 was $7.5 million, versus a loss of $14.2 million in the year-earlier period. (Fourth-quarter results of 2001 were reduced by $1.3 million, representing an adjustment to amounts received under a government grant program.)

Oh -- and there's the 717

AirTran Airways is the world's largest operator of the Boeing 717, the most modern, environmentally friendly aircraft in its class. During the fourth quarter, capacity increased 39.3% year over year as AirTran Airways continued to add new fuel efficient Boeing 717 aircraft. Traffic increased 44.6%, resulting in a 2.4 percentage point increase in load factor. Passenger yield increased 2.3% to 13.2 cents, resulting in a 6.3% increase in year over year unit revenue to 8.8 cents. Fourth quarter operating cost per available seat mile improved by 4.8% to 8.4 cents compared to 8.8 cents in the fourth quarter of 2001. For the full year, unit costs improved 8.8% to 8.5 cents.

Robert L. Fornaro, president and chief operating officer remarked: "Our operating performance steadily improved throughout the year as we added new 717s. In addition, our employees continued to deliver the caring customer service that distinguishes AirTran Airways from the other airlines. Great service and low fares will keep our customers coming back."

Stan Gadek, senior vice president of finance and chief financial officer said: "AirTran Airways' continued improvement in unit costs reflects the outstanding economic performance of the Boeing 717. In addition, AirTran Airways' Crew Members also contributed to the cost reductions by controlling expenses and achieving high levels of productivity. Our fourth quarter financial performance was truly a team effort."

FMI: www.airtran.com

Advertisement

More News

ANN FAQ: Contributing To Aero-TV

How To Get A Story On Aero-TV News/Feature Programming How do I submit a story idea or lead to Aero-TV? If you would like to submit a story idea or lead, please contact Jim Campbel>[...]

ANN's Daily Aero-Linx (05.29.24)

Aero Linx: International Association of Professional Gyroplane Training (IAPGT) We are an Association of people who fly, build or regulate Gyroplanes, who have a dream of a single >[...]

ANN's Daily Aero-Term (05.29.24): NORDO (No Radio)

NORDO (No Radio) Aircraft that cannot or do not communicate by radio when radio communication is required are referred to as “NORDO.”>[...]

Airborne 05.28.24: Jump Plane Down, Starship's 4th, Vision Jet Problems

Also: uAvionix AV-Link, F-16 Viper Demo, TN National Guard, 'Staff the Towers' A Saturday afternoon jump run, originating from SkyDive Kansas City, went bad when it was reported th>[...]

ANN's Daily Aero-Term (05.30.24): Beyond Visual Line Of Sight (BVLOS)

Beyond Visual Line Of Sight (BVLOS) The operation of a UAS beyond the visual capability of the flight crew members (i.e., remote pilot in command [RPIC], the person manipulating th>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC