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AIRTRAN CORPORATION REPORTS FIRST QUARTER EARNINGS

 MINNEAPOLIS/ST. PAUL, July 27 /PRNewswire/ -- AirTran Corporation (NASDAQ-NMS: ATCC), parent company of Mesaba Aviation, Inc., today reported net income of $1,158,000, or $.14 per share, for the first quarter ended June 30, 1993, compared to net income of $1,233,000, or $.14 per share for the same quarter last year. AirTran's operating revenues increased 22 percent to $32,120,000 from $26,406,000 reported during the same quarter one year ago.
 AirTran Chairman Robert D. Swenson stated that, "While we are pleased with the profitable results for the first quarter of fiscal 1994, the economy and the publicity surrounding Northwest's financial situation have affected passenger load factors and will continue to do so in our second quarter. We are reporting flat earnings for the first quarter and forecasting reduced earnings in the second quarter as compared to last year's second quarter. Although we will remain profitable in fiscal 1994, we may not be able to achieve the record level of profits reported in fiscal 1993."
 Mesaba operates as Northwest Airlink under an airline marketing agreement with Northwest Airlines. The regional carrier provides connecting service to Northwest at Minneapolis/St. Paul International and Detroit Metropolitan airports. The airline currently serves 48 cities in 15 states and one Canadian province.
 AirTran's common stock is traded on the NASDAQ National Market System under the symbol ATCC.
 AIRTRAN CORPORATION
 (In thousands, except per share data)
 Quarter Ended
 6/30/93 6/30/92
 Financial Summary:
 Operating revenues $32,120 $26,406
 Operating income 2,101 2,315
 Net income $1,158 $1,233
 Net income per share $.14 $.14
 Average shares outstanding 8,497 9,053
 Operating Statistics:
 Revenue passengers carried 346,113 281,728
 Available seat miles (000) 159,127 108,752
 Revenue passenger miles (000) 71,915 56,972
 Load factor (percent) 45.2 52.4
 Yield per revenue passenger mile $0.441 $0.457
 Operating costs per available seat mile $0.188 $0.220
 -0- 7/27/93
 /CONTACT: Kenneth P. Bronson, senior vice president of finance and treasurer of AirTran, 612-726-5151, ext. 371, or (fax) 612-726-5541/
 (ATCC)


CO: AirTran Corporation; Mesaba Aviation ST: Minnesota IN: AIR SU: ERN

KH -- MN023 -- 6473 07/27/93 17:33 EDT
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Publication:PR Newswire
Date:Jul 27, 1993
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