AIRTRAN FIGURES

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By TESTCustomwebLP TESTCustomwebLP January 31, 2011 11:26

AIRTRAN FIGURES

AirTran Airways parent AirTran Holdings said 16% higher fuel costs led to a lower quarterly profit. Net income for the Orlando, Florida, parent of AirTran Airways was $1.9 million, or 1 cent a share, for Q4, compared with $17.1 million or 11 cents a share a year earlier. Quarterly revenue rose 8% to $645.5 million. Overall operating expenses were up about 13%, as fuel costs rose and marketing and advertising expenses increased 43%.

2010 net income was $38.5million down 71.4% from 2009 which posted $134.7 million. Annual traffic increased 5.3% to 19.58 billion RPMs on a 3.3% lift in capacity to 24.06 billion ASMs, producing a load factor of 81.4%, up 1.6 points. Full-year revenue was up 11.9% to $2.62 billion while expenses rose 15.1% to $2.49 billion, producing an operating profit of $128.2 million, down 27.6% from a $177 million operating profit in 2009.

AirTran, which flies to the United States and the Caribbean, said it expected its acquisition by Southwest to be completed in the second quarter, should it be approved by regulators and shareholders.

Yield improved 7% to 12.03 cents as RASM grew 8.3% to 10.88 cents and CASM rose 11.4% to 10.35 cents. CASM ex-fuel escalated 5.8% to 6.75 cents.

Shares of AirTran were down 5 cents or 0.7% at $7.41 at one point on Friday before the close.

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By TESTCustomwebLP TESTCustomwebLP January 31, 2011 11:26
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