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AirTran expects first annual loss since 1999

20-Nov-2008

AirTran Airways is expecting to report its first full-year loss since 1999 this year, due to high fuel prices earlier in the year and weaker demand since the Summer peak. In 1999, the carrier reported a USD99 million loss. CFO, Arne Haak, stated, “we've replaced high oil and a moderate economy with lower oil and an uncertain economy”. [699 words]

Unlock the following content in this report:

Subheadings:

  • Record load factor in Oct-08
  • Unleashes business and leisure promotions
  • Joins the crowd charging USD15 for first checked bag
  • Outlook: The worst news could be behind AirTran

Graphs and data:

  • AirTran passenger numbers growth (% change year-on-year) and passenger load factors (%): Nov-07 to Oct-08
  • AirTran passenger numbers and capacity growth (% change year-on-year): Nov-07 to Oct-08
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