AirTran Airways Reports September 2001 Traffic Results; Airline Posts 55.1 Percent Load Factor.Business & Travel Editors ORLANDO, Fla.--(BUSINESS WIRE)--Oct. 3, 2001 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 , a unit 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. (NYSE NYSE See: New York Stock Exchange :AAI AAI American Association of Immunologists. ), today reported traffic results for the month of September 2001. Revenue Passenger Miles (RPMs) were 238,594,000, a 28.6 percent decrease from September 2000 while Available Seat Miles Available seat miles (ASM) is a measure of an airline flight's passenger carrying capacity. It is equal to the number of seats available multiplied by the number of miles flown. This measures an airlines capacity for transporting passengers. (ASMs) were 433,034,000, a 10.5 percent decrease from September 2000. Load factor was 55.1 percent in September 2001 compared to 69.1 percent in September 2000. Load factor for the last week of September 2001 was 54.3 percent. "Given our quick actions to reduce expenses coupled with improving booking trends, AirTran Airways is well positioned going into the fourth quarter," stated Robert Fornaro, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "In addition, AirTran Airways' pilots and mechanics unions gave unprecedented relief to reduce payroll costs by approximately 20 percent and avoided layoffs," stated Fornaro. AirTran Airways served 435,864 passengers in September, a 28.6 decrease from September 2000.
AIRTRAN AIRWAYS SEPTEMBER 2001 TRAFFIC
(Preliminary)
September September Change
2001 2000
--------- --------- ------
Revenue Passenger Miles (000) 238,594 334,290 -28.6%
Available Seat Miles (000) 433,034 483,900 -10.5%
Load Factor 55.1% 69.1% -14.0 points
Passengers Enplaned 435,864 610,823 -28.6%
Q-3 2001 Q-3 2000 Change
-------- -------- ------
Revenue Passenger Miles (000) 1,107,901 1,110,576 -0.2%
Available Seat Miles (000) 1,651,105 1,512,847 9.1%
Load Factor 67.1% 73.4% -6.3 points
Passengers Enplaned 2,035,162 2,029,035 0.3%
Y-T-D 2001 Y-T-D 2000 Change
---------- ---------- ------
Revenue Passenger Miles (000) 3,489,731 3,032,962 15.1%
Available Seat Miles (000) 4,944,408 4,316,504 14.5%
Load Factor 70.6% 70.3% 0.3 points
Passengers Enplaned 6,449,334 5,583,128 15.5%
Systemwide, AirTran Airways operates departures to 34 cities from their hub at 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. , Hartsfield Atlanta International Airport, where they are the second largest carrier. For more information and reservations, visit AirTran Airways' Web site at http://www.airtran.com (America Online See AOL. keyword: AirTran), call your travel agent or call AirTran Airways at 800-AIRTRAN (800-247-8726) or 770-994-8258 (in Atlanta). Editor's Note Editor's Note (foaled in 1993 in Kentucky) is an American thoroughbred Stallion racehorse. He was sired by 1992 U.S. Champion 2 YO Colt Forty Niner, who in turn was a son of Champion sire Mr. Prospector and out of the mare, Beware Of The Cat. Trained by D. : The company's revenue figures are released quarterly. Statements regarding the Company's preliminary traffic data 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, commodity prices 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, 2000. Copies of this filing may be obtained by contacting the Company or the SEC. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion