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Amtran blames losses on fuel costs.


Amtran, parent company of American Trans Air, says high fuel costs are to blame for its Q1 net loss of USD2m.

The airline operates an aging fleet of three-engine aircraft which are less fuel efficient than newer two-engine models and has been hit particularly hard by the rising cost of fuel.

Commenting on the fleet situation, Amtran's chief executive said in a news release, 'The current dependency on this fuel-inefficient fleet will be addressed shortly as we are on the eve of a major aircraft order, which will have a very positive impact on the company's costs'.

The company has refused to comment on reports that it is planning to lease 40 new aircraft from Boeing.

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Publication:Airline Industry Information
Date:Apr 26, 2000
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