AirTran expects 14% improvement in TRASM in 2Q2010

AirTran Airways released (18-May-2010) its Annual Shareholder Meeting presentation. The carrier stated it expects total unit revenue per ASM (TRASM) to improve 13% to 14% year-on-year for 2Q2010, as capacity is increased 4%. The carrier has approximately 60% of fuel requirements hedged for the quarter, with the average economic cost per gallon of fuel all-in at USD2.37 to USD2.42. Non-fuel unit costs are expected to rise up to 4.5% for the quarter and 4% to 5% for FY2010. AirTran plans to pay USD96 million of convertible debt with cash in Jul-2010. [more]