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AirTran Airways expects first annual loss since 1999 in 2008

21-Jan-2009

AirTran Airways stated it expects to report its first full-year loss since 1999 in 2008, due to the challenging combination of high fuel prices in the first three quarters of 2008 and weaker demand since the Summer peak. According to CFO, Arne Haak, “we've replaced high oil and a moderate economy with lower oil and an uncertain economy”. Full results will be announced on 28-Jan-09. [1218 words]

Unlock the following content in this report:

Subheadings:

  • ....But future brighter for 4Q08 as takes action in current difficult environment
  • Record traffic in 4Q08 on capacity reductions
  • ....and record traffic in FY08
  • Targeting a 3-7% capacity reduction in 2009
  • Hiring, but not expanding capacity
  • Offers PayPal option

Graphs and data:

  • AirTran strategies to adapt to challenging environment
  • AirTran passenger numbers growth (% change year-on-year) and passenger load factors (%): Jan-08 to Dec-08
  • AirTran passenger numbers and capacity growth (% change year-on-year): Jan-08 to Dec-08
  • AirTran Airways capacity (ASK) growth: Jan-04 to Dec-08
  • AirTran Airways fleet plans: 2009 to 2016: as at Jan-09
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