AirTran Airways Announces Additional Fuel Hedge Agreement.Business Editors ORLANDO, Fla.--(BUSINESS WIRE)--Sept. 7, 2000 AirTran Airways AirTran Airways is a low-cost airline that is a Delaware corporation with headquarters in Orlando, Florida, USA and is a subsidiary of AirTran Holdings. AirTran operates over 750 daily flights throughout the eastern USA and the Midwest, including over 270 daily departures from (AMEX AMEX See: American Stock Exchange :AAI AAI American Association of Immunologists. ) today announced that it has entered a fuel hedging Fuel hedging is the practice, often employed by airline companies, of making advance purchases of fuel at a fixed price for future delivery to protect against the shock of anticipated rises in price. See also
"While continued high fuel prices are affecting the entire airline industry, this additional measure will help us hold the line on costs so we can continue to provide affordable air travel to consumers who demand it," said AirTran Airways president Robert Fornaro. "While we believe fuel prices will moderate, it is appropriate to cap our exposure to future fuel price increases." When combined with current hedge positions, AirTran Airways will have hedged nearly 35 percent of its fuel needs at a price no higher than $28 per barrel. Systemwide, AirTran Airways operates 298 daily departures to 31 cities. Offering the convenience of easy, same concourse connections in Atlanta, AirTran Airways operates 138 daily departures from Hartsfield Atlanta International Airport, the world's busiest airport World's busiest airport is a claim that is fiercely fought over by the owners of the world's largest airports. The definition of "busiest" is debated as well, with claims being staked on the basis of aircraft operations, cargo traffic or total passengers. . AirTran Airways provides everyday, affordable air travel throughout the eastern United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , and unlike other airlines, never requires a roundtrip purchase or Saturday night stay. AirTran Airways is the launch customer for the Boeing 717, today's newest, most innovative commercial aircraft. AirTran Airways is a subsidiary of AirTran Holdings AirTran Holdings (NYSE: AAI) is a Nevada corporation that operates as an airline holding company. Its primary asset is AirTran Airways. History After the large amount of negative publicity surrounding the Flight 592 incident, ValuJet Airlines suffered serious , Inc. For more information and reservations, call your travel agent, 800-AIRTRAN (800-247-8726), 770-994-8258 (in Atlanta), or visit the AirTran Airways' website at www.airtran.com. Editor's Note: The company's revenue figures are released quarterly. Statements regarding the Company's predictions of fuel prices, preliminary traffic data, all-time record passenger traffic, continuous growth trends, strength of passenger demand and future booking levels are forward-looking statements and are not historical facts. Instead, they are estimates or projections involving numerous risks or uncertainties, including but not limited to, consumer demand and acceptance of services offered by the Company, the Company's ability to maintain current cost levels, fare levels and actions by competitors, regulatory matters and general economic conditions. The Company disclaims any obligation to update or correct any of its forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained from time to time in the company's SEC filings, including but not limited to the company's report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 1999. Copies of this filing may be obtained by contacting the Company or the SEC. |
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