AirTran expects first annual loss since 1999
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:
- 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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