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AIRTRAN CORPORATION REPORTS FIRST QUARTER EARNINGS

 AIRTRAN CORPORATION REPORTS FIRST QUARTER EARNINGS
 MINNEAPOLIS/ST. PAUL, July 23 /PRNewswire/ -- AirTran Corporation


(NASDAQ-NMS: ATCC), parent company of Mesaba Aviation, Inc., today reported net income of $1,233,000 or $0.14 per share for the first quarter ended June 30, 1992, compared to net income of $859,000 or $0.10 per share for the same quarter last year. AirTran's operating revenues increased 16 percent to $26,406,000 from $22,669,000 reported during the same quarter one year ago.
 The company said the fiscal 1993 first quarter performance benefited from stronger overall traffic and improved passenger yield compared to the prior year's first quarter. System-wide passenger load factor rose to 52.4 percent from 51.5 percent in the same quarter one year ago.
 New Detroit service was introduce in July, 1992 to Binghamton, N.Y. and Huntington, W. Va. Service to Roanoke, Va. is scheduled for start- up Aug. 1, 1992.
 Mesaba operates as Northwest Airlink under an airline marketing agreement with Northwest Airlines. The regional carrier provinces connecting service to Northwest at Minneapolis/St. Paul International and Detroit Metropolitan Airports. The airline currently serves 41 cities in 14 states and one Canadian province.
 AirTran's common stock is traded on the NASDAQ National Market System under the symbol ATCC.
 AIRTRAN CORPORATION
 Financial Summary
 (In thousands, except income per share)
 Quarter Ended
 6/30/92 6/30/91
 Operating revenues $26,406 $22,669
 Operating income 2,315 1,450
 Net income $1,233 $859
 Net income per share $0.14 $0.10
 Average shares outstanding 9,053 8,424
 OPERATING STATISTICS
 Quarter Ended
 6/30/92 6/30/91
 Revenue passengers carried 281,728 253,508
 Available seat miles (000) 108,752 98,880
 Revenue passenger miles (000) 56,972 50,964
 Load factor (percent) 52.4 51.5
 Yield per revenue passenger mile $0.457 $0.438
 Operating costs per available
 seat mile $0.220 $0.214
 -0- 7/23/92
 /CONTACT: Kenneth P. Bronson of AirTran, 612-726-5151, ext. 371/
 (ATCC) CO: AirTran Corporation ST: Minnesota IN: AIR SU: ERN


AL -- MN007 -- 2460 07/23/92 11:25 EDT
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Publication:PR Newswire
Date:Jul 23, 1992
Words:355
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