AirTran Airways Announces Fuel Hedge Agreement.Business & Travel Editors ORLANDO, Fla.--(BUSINESS WIRE)--March 28, 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 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
"As a leading affordable carrier, AirTran Airways is always looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. ways to contain costs, thus ensuring that our passengers do not see higher ticket prices due to operational or maintenance surcharges," said Robert Fornaro, AirTran Airways' president and chief financial officer. Combined with prior fuel hedging transactions, AirTran Airways now has approximately twenty-five percent of its fuel hedged for the second quarter of 2000 at a rate less than $21 per barrel. Systemwide, AirTran Airways operates 278 daily departures to 31 cities. Offering the convenience of easy, same concourse connections in Atlanta, AirTran Airways operates 132 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, Inc. (Nasdaq:AAIR AAIR Asthma and Allergy Information and Research AAIR Army Accident Investigation and Reporting AAIR Asynchronous Adaptive Incremental Redundancy AAIR AI Language Research Institute ). 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. |
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