Company Watch - AirTran Airways.Jul 30, 2007 AirTran said its second-quarter net profit rose to USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $41.5 million, compared with USD$32 million a year earlier. AirTran shares fell almost 3 percent on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . Jul 27, 2007 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 parent 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 reported a second-quarter profit of $41.5 million on record passenger traffic. The result marked a 29.9% increase from the $32 million earned in the second three months of 2006. Operating revenue operating revenue Revenue from any regular source. Revenue from sales is adjusted for discounts and returns when calculating operating revenue. Compare other revenue. climbed 16.3% to $614.1 million and expenses rose 14.9% to $544.3 million. Fuel cost was up 16.5% to $204 million and operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. rose 28% to a company-record $69.7 million. Jul 27, 2007 AirTran Airways carried 6.3 million passengers during the quarter, up 16.9%, while flying 4.53 billion RPMs, up 22.3% year-over-year. Capacity rose 21.3% to 5.75 billion ASMs as it added 18 new 737-700s in the past year and the load factor of 78.8% represented an increase of 0.7 point and an all-time record for the carrier. It launched more than a dozen new routes in the second quarter alone. Jul 27, 2007 AirTran Holdings Inc. chairman and chief executive officer Joe Leonard For the baseball player, see . Joe Leonard (born August 4, 1932, San Diego, California), is a retired American motorcycle racer and racecar driver. Leonard won the first AMA Grand National Championship Series in 1954 and won it again in 1956 and 1957. said Wednesday that a dramatic drop in second-quarter profit reported by Midwest Air Group Midwest Air Group, Inc. AMEX: MEH is an airline holding company based in Oak Creek, Wisconsin now controlled by parent company, TPG Capital Texas Pacific Group. Northwest Airlines Inc,. Inc. should prompt immediate merger negotiations between the competing airline operators. Jul 26, 2007 U.S. airline stocks dropped Thursday as carriers continued to struggle with high fuel prices and maintenance, though AirTran Holdings Inc. increased second-quarter profits by cutting costs in other areas. Jul 26, 2007 US Air, AirTran Post Profits, But Shares Drop. US Airways Group US Airways Group Inc. NYSE: LCC is the Tempe, Arizona-based airline holding company that operates US Airways, US Airways Express and America West Airlines. It also operates additional companies that provide associated services. and AirTran Holdings reported quarterly profits on Thursday, but the results failed to bolster airline shares, which tumbled with the broader stock market. Both US carriers offered sunny outlooks, but experts said the results featured little new information to counter concerns about softening domestic travel demand and rising jet fuel prices. So far, airlines have reported a profitable second quarter, which is typically the strongest due to the peak summer travel season. The industry remains battered, however, by soaring fuel costs and low-fare competition that make it hard for the companies to cover their expenses. Jul 27, 2007 Editorial eMail: edit@AirGuideOnline.com For Air Transport & Travel Business Experts contact our Director of Content Aram Gesar eMail: bizintel@AirGuideOnline.com For more global news, reviews, features and analysis, please subscribe to our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com AirGuideFlightTracker is a new service that keeps travelers informed on flight and airport status via the Web. For more go to http://www.airguideonline.com/airline_tracker.htm Copyright [c] 2007 Pyramid Media Group / Air Travel Media. All rights reserved. |
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