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AIRTRAN CORPORATION REPORTS SECOND QUARTER EARNINGS

 AIRTRAN CORPORATION REPORTS SECOND QUARTER EARNINGS
 MINNEAPOLIS/ST. PAUL, Oct. 22 /PRNewswire/ -- AirTran Corporation,


(NASDAQ-NMS: ATCC) parent company of Mesaba Aviation, Inc., today reported earnings of $3,809,000 or 41 cents per share for the quarter ended Sept. 30, 1992 compared to net income of $2,903,000 or 34 cents per share for the same quarter last year.
 Earnings for the six months ended Sept. 30, 1992 were $5,042,000 or 55 cents per share, compared to $3,762,000 or 44 cents per share for the same period one year ago.
 Robert D. Swenson, president and chairman of AirTran, said he was pleased with the second quarter performance including the contribution of the four new Detroit markets added during the quarter. The company initiated Detroit service to Binghamton, N.Y., and Huntington, W.Va., in July 1992, followed by Roanoke, Va. in August and Lafayette, Ind. in September 1992.
 Operating revenues totaled $34,746,000 for the quarter, an increase of 22 percent from $28,471,000 in the second quarter of last year. For the six months ended Sept. 30, 1992, operating revenues increased 20 percent to $61,152,000 compared to $51,140,000 in the first half of the prior year.
 Revenue passenger miles increased 33 percent to 83.0 million for the current quarter compared to 62.5 million during last year's second quarter. Available seat miles for the quarter rose 23 percent to 139.4 million from 113.6 million flown last year. The regional carrier's second quarter system-wide load factor was 59.6 percent, compared to 55.0 percent last year.
 Mesaba operates as Northwest Airlink under a marketing agreement with Northwest Airlines at Minneapolis/St. Paul International and Detroit Metropolitan airports. The airline currently serves 44 cities in 15 states and one Canadian Province.
 AirTran's common stock is traded on the NASDAQ National Market System under the symbol ATCC.
 AIRTRAN CORPORATION EARNINGS
 (In thousands, except per share data)
 Three Months Ended Six Months Ended
 9/30/92 9/30/91 9/30/92 9/30/91
 Financial summary:
 Operating revenues $34,746 $28,471 $61,152 $51,140
 Operating income 6,977 4,865 9,292 6,315
 Net income $3,809 $2,903 $5,042 $3,762
 Net income per share
 Primary $.42 $.34 $.55 $.45
 Fully diluted $.41 $.34 $.55 $.44
 Weighted average shares
 outstanding
 Primary 9,148 8,552 9,101 8,488
 Fully diluted 9,249 8,582 9,151 8,528
 Operating statistics:
 Revenue passengers
 carried 394,515 305,183 676,243 558,691
 Available seat
 miles (000) 139,365 113,597 248,117 212,478
 Revenue passenger
 miles (000) 83,006 62,490 139,977 113,454
 Load factor (pct.) 59.6 55.0 56.4 53.4
 Yield per revenue
 passenger mile $.414 $.450 $.432 $.444
 Operating costs per
 available seat mile $.199 $.207 $.208 $.210
 -0- 10/22/92
 /CONTACT: Kenneth P. Bronson, senior vice president of finance and treasurer, 612-726-5151, ext. 371/
 (ATCC) CO: AirTran Corporation; Mesaba Aviation, Inc. ST: Minnesota IN: AIR SU: ERN


KH -- MN015 -- 3605 10/22/92 12:31 EDT
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Date:Oct 22, 1992
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