Printer Friendly

Amtran blames losses on fuel costs.

AIRLINE INDUSTRY INFORMATION-(C)1997-2000 M2 COMMUNICATIONS LTD

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.

((Comments on this story may be sent to aii.feedback@m2.com))
COPYRIGHT 2000 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Airline Industry Information
Date:Apr 26, 2000
Words:136
Previous Article:Lockerbie trial set for new delay.
Next Article:Firefighting training centre for Boeing 767 established in Japan.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters