Airtran Airways Reports Record 70.2% Load Factor for 2000; Traffic Grows at Nearly Three Times the Rate of Capacity in December.Business Editors/Travel Writers ORLANDO, Fla.--(BUSINESS WIRE)--Jan. 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 (AMEX AMEX See: American Stock Exchange :AAI AAI American Association of Immunologists. ) today reported a 70.2 percent load factor for 2000, setting a new annual record for the airline. In addition, AirTran Airways' traffic, measured by revenue passenger miles Revenue passenger miles (RPMs) is a measure of a passenger traffic for an airline flight, bus, or train calculated by multiplying the total number of revenue-paying passengers aboard the vehicle by the distance traveled measured in miles. (RPMs), grew by 31.4 percent in December 2000, compared to December 1999, far outstripping capacity growth, based on 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), of 10.5 percent for the month. For the year, AirTran Airways flew 4.11 billion RPMs in 2000, an increase of 18.5 percent over 1999. That is more than twice the increase in ASMs - 7.2 percent, to 5.85 billion - recorded last year. "AirTran Airways' continued expansion, and the increasing popularity of our product in all of our markets, was best represented by the 1.1 million additional customers we boarded in 2000 compared to 1999," said AirTran Airways President Robert Fornaro. "Our results, including a 70.2 percent load factor for both the fourth quarter and the year, are consistent evidence that the marketplace continues to positively respond to our unique brand of affordable-fare service." "Despite a difficult operating environment In computing, an operating environment is the environment in which users run programs, whether in a command line interface, such as in MS-DOS or the Unix shell, or in a graphical user interface, such as in the Macintosh operating system. , including continued high fuel costs and a delay-riddled air traffic control system, we are pleased with the consistent progress our dedicated Employee-Crew Members made in 2000," said Joseph Leonard, AirTran Airways. "The AirTran Airways team has developed one of the most successful airlines in recent history, and we plan to continue building on the strengths we've developed over the past two years as we enter 2001."
AIRTRAN AIRWAYS DECEMBER 2000 TRAFFIC
(Preliminary)
December 2000 December 1999 Change
Revenue Passenger Miles (000) 357,060 271,673 31.4%
Available Seat Miles (000) 519,179 469,704 10.5%
Load Factor 68.8% 57.8% 11.0 points
Passengers Enplaned 657,437 502,735 30.8%
Q-4 2000 Q-4 1999 Change
-------- -------- ------
Revenue Passenger Miles (000) 1,082,784 855,349 26.6%
Available Seat Miles (000) 1,542,890 1,381,110 11.7%
Load Factor 70.2% 61.9% 8.3 points
Passengers Enplaned 1,983,858 1,599,434 24.0%
2000 1999 Change
---- ---- ------
Revenue Passenger Miles (000) 4,115,745 3,473,450 18.5%
Available Seat Miles (000) 5,859,396 5,467,556 7.2%
Load Factor 70.2% 63.5% 6.7 points
Passengers Enplaned 7,566,986 6,460,533 17.1%
Systemwide, AirTran Airways operates 310 daily departures to 34 cities. Offering the convenience of easy, same concourse connections in Atlanta, AirTran Airways operates 137 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 and most environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] 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. (AMEX:AAI). For more information and reservations, visit AirTran Airways' Web site at www.airtran.com, 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, success of the Company's business model, continuous growth trends, strength of passenger demand and customers' response to our product are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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, 1999. Copies of this filing may be obtained by contacting the Company or the SEC. |
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