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AIRTRAN CORPORATION REPORTS THIRD QUARTER EARNINGS

 MINNEAPOLIS, Jan. 21 /PRNewswire/ -- AirTran Corporation (NASDAQ-NMS: ATCC), the parent company of Mesaba Aviation, Inc., today reported earnings of $1,360,000 or 15 cents per share for the third quarter ended Dec. 31, 1992. This compares to earnings of $1,836,000 or 20 cents per share for the same quarter last year.
 Earnings for the nine months ended Dec. 31, 1992 were $6,402,000 or 70 cents per share compared to net income of $5,598,000 or 65 cents per share for the same period one year ago.
 Operating revenues totaled $33,121,000 for the quarter, an increase of 24 percent from $26,731,000 in the third quarter of last year. For the nine months ended Dec. 31, 1992, operating revenues increased 21 percent to $94,273,000 compared to $77,871,000 for the same period last year.
 Revenue passenger miles increased 25 percent to 68.8 million for the current quarter compared to 54.9 million during last year's third quarter. Available seat miles for the quarter rose 41 percent to 145.5 million reflecting the introduction of new service during fiscal 1993. The Twin Cities-based carrier's third quarter system-wide load factor was 47.3 percent, down from 53.0 percent reported last year.
 Robert D. Swenson, president and chairman of AirTran, said, "These results reflect softer than anticipated passenger demand compared to our capacity growth during the quarter."
 Mesaba operates as Northwest Airlink under an airline marketing agreement with Northwest Airlines at Minneapolis/St. Paul International and Detroit Metropolitan airports. The regional carrier currently serves 45 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
 Three months ended Nine months ended
 Dec. 31, Dec. 31,
 (in thousands, except per share data)
 Financial Summary 1992 1991 1992 1991
 Operating revenues $33,121 $26,731 $94,273 $77,871
 Operating income 2,384 3,160 11,676 9,475
 Net Income $1,360 $1,836 $6,402 $5,598
 Net Income per share $0.15 $0.20 $0.70 $0.65
 Weighted average shares 9,306 8,976 9,207 8,678
 Operating Statistics
 Revenue passengers
 carried 332,000 273,000 1,008,000 832,000
 Available seat
 miles (000) 145,486 103,442 393,603 315,920
 Revenue passenger
 miles (000) 68,762 54,862 208,739 168,316
 Load Factor (percent) 47.3 53.0 53.0 53.3
 Yield per revenue
 passenger mile $0.477 $0.482 $0.446 $0.456
 Operating costs per
 available seat mile $0.211 $0.227 $0.209 $0.216
 -0- 1/21/93
 /CONTACT: Kenneth P. Bronson, senior vice president of finance and treasurer, of AirTran Corporation, 612-726-5151 ext. 371/
 (ATCC)


CO: AirTran Corporation; Mesaba Aviation, Inc. ST: Minneapolis IN: AIR SU: ERN

MP -- MN004 -- 7459 01/21/93 13:27 EST
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Publication:PR Newswire
Date:Jan 21, 1993
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