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22-Jul-2010 1:31 PM

AirTran reports record revenue and 3% rise in operating profit in 2Q2010

AirTran revenue up 16.1% - financial/traffic highlights:

  • Three months ended 30-Jun-2010:
    • Total operating revenue: USD700.6 million, +16.1% year-on-year;
    • Total operating costs: USD632.3 million, +17.6%;
      • Fuel: USD228.9 million, +43.1%;
      • Labour: USD131.3 million, +6.9%;
      • Landing fees and other rentals: USD42.5 million, +13.7%;
    • Operating profit: USD68.2 million, +3.1%;
    • Net profit: USD12.4 million, -84.2%;
    • Passenger numbers: 6.5 million, +5.3%;
    • Load factor: 83.1%, +2.4 ppts;
    • Average fares: USD97.03, +12.2%;
    • Average yield: USD 12.19 cents, +9.4%;
    • Passenger revenue per ASM: USD 10.13 cents, +12.6%;
    • Total revenue per ASM: USD 11.19 cents, +10.7%;
    • Operating costs per ASM: USD 10.10 cents, +12.2%;
    • Operating costs per ASM excl fuel: USD 6.45 cents, +1.9%;
  • Six months ended 30-Jun-2010:
    • Total operating revenue: USD1,306 million, +14.0%;
    • Total operating costs: USD1,234 million, +19.6%;
      • Fuel: USD429.0 million, +46.5%;
      • Labour: USD261.4 million, +8.6%;
      • Landing fees and other rentals: USD79.0 million, +11.0%;
    • Operating profit: USD71.3 million, -37.4%;
    • Net profit: USD355 million, -99.7%;
    • Passenger numbers: 12.1 million, +4.4%;
    • Load factor: 80.3%, +1.7 ppt;
    • Average fare: USD97.48, +10.1%;
    • Average yield: USD 12.26 cents, +6.7%;
    • Passenger revenue per ASM: USD 9.84 cents, +9.0%;
    • Total revenue per ASM: USD 10.93 cents, +8.1%;
    • Operating costs per ASM: USD 10.34 cents, +13.5%;
    • Costs per ASM excl fuel: USD 6.74 cents, +3.4%;
  • 3Q2010 forecast:
    • Capacity (ASMs): +1.0%;
    • Passenger revenue per ASM: +14.5% to +16.5%;
    • Total revenue per ASM: +12.5% to +14.5%;
    • Costs per ASM excl fuel: +4.0% to +5.0%. [more][more - Perspective]

AirTran: “AirTran Airways continues its position of leading the industry with the lowest non-fuel operating cost per mile among major airlines on a stage-length adjusted basis. The company has been able to maintain this advantage by operating North America's newest all-Boeing fleet, efficiently utilising its aircraft and other assets, and driving cost-savings from all levels of the organisation,” Company statement. Source: AirTran, 21-Jul-2010.

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