AirTran Holdings, Inc. to Be Added to S&P MidCap 400 Index.ORLANDO, Fla. -- First graph should read: 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 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. (NYSE NYSE See: New York Stock Exchange :AAI AAI American Association of Immunologists. ), an airline with a market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. of $1.2 billion, today announced that effective July 1, 2004, the company will be added to the S&P MidCap 400 GICS GICS Government Information and Communication Service (UK) GICS German Internet Chess Server GICS Global Industry Classification Standards GICS Grant Information and Control System Airlines Sub-Industry Index. sted AirTran Airways, a subsidiary of AirTran Holdings, Inc. (NYSE:AAI), a $9.2 million company, today announced that effective June 25, 2004, the company was added to the S&P MidCap 400 GICS Airlines Sub-Industry Index. The corrected release reads: AIRTRAN HOLDINGS, INC. TO BE ADDED TO S&P MIDCAP 400 INDEX AirTran Airways, a subsidiary of AirTran Holdings, Inc. (NYSE:AAI), an airline with a market capitalization of $1.2 billion, today announced that effective July 1, 2004, the company will be added to the S&P MidCap 400 GICS Airlines Sub-Industry Index. Standard & Poor's, a division of The McGraw-Hill Companies (NYSE:MHP MHP Multimedia Home Platform (consumer electronics) MHP Milliyetci Hareket Partisi (Turkish: National People's Party) MHP Mobile Home Park (district) MHP Maximum Human Performance ), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research, data and valuations. The S&P MidCap 400 is the most extensively used index for mid-sized companies. To be added to the list, a company must fit certain criteria which include a market cap between $1 billion and $4 billion, and financial viability of at least four consecutive profitable quarters. AirTran Airways announced its eighth consecutive quarter of profits in first quarter 2004. "AirTran Airways is proud to be recognized for our financial success and stability and to be associated with so many companies of such high caliber," said Stan Gadek, senior vice president finance and chief financial officer. "As our success grows, the financial community continues to embrace AirTran Airways as a dependable investment option." AirTran Airways is one of America's largest low-fare airlines - employing more than 5,800 friendly, professional Crew Members and operating over 500 flights a day to 45 destinations. The airline's hub is at Hartsfield-Jackson Atlanta International Airport Hartsfield-Jackson Atlanta International Airport (IATA: ATL, ICAO: KATL, FAA LID: ATL), known locally as Atlanta Airport, Hartsfield Airport, Hartsfield-Jackson , 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. by passenger volume, where it is the second largest carrier. AirTran Airways, a subsidiary of AirTran Holdings (NYSE:AAI), is the world's largest operator of the Boeing 717 and has America's youngest all-Boeing fleet. The airline recently added the Boeing 737-700 aircraft, one of the most fuel efficient and environmentally friendly aircraft flying today, to its fleet. For reservations or more information, visit http://www.airtran.com (America Online Keyword: AirTran). Editor's note: Statements regarding the Company's operational and financial success, business model, expectation about future success, improved operational performance and our ability to maintain or improve our low costs 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. 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 annual 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, 2003. The Company disclaims any obligation or duty to update or correct any of its forward-looking statements. |
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