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Airtrain to sell airplanes

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jonjuan

Honey Ryder
Joined
Feb 26, 2004
Posts
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http://baltimore.bizjournals.com/baltimore/stories/2008/06/16/daily34.html?ana=yfcpc

AirTran plans capacity cuts, will sell more planes


Baltimore Business Journal - by Scott Trubey Contributor

AirTran Airways CEO Robert L. Fornaro told investors Wednesday the low-cost airline will continue to cut capacity and costs as well as sell some aircraft in order to cope with the devastatingly high price of jet fuel.
In a speech at a Merrill Lynch Global Transportation Conference in New York, Fornaro said Orlando, Fla.-based AirTran (NYSE: AAI) will cut overall capacity by 5 percent, a 15 percentage point swing from projections last September which had the airline growing by double digits.
"At this point the faster we can adapt the quicker we can recover and return to profitability," Fornaro said.
AirTran, the second-largest carrier at Baltimore/Washington International Thurgood Marshall Airport, also will try to restore some liquidity by selling aircraft. AirTran sold two planes in April and has plans to sell additional jets by year's end.
"Our focus is on monetizing the value we have embedded in those airplanes," Fornaro said.
AirTran had planned to end the year with a fleet of 147 jets, but has decided instead to cap the number of planes at 141.
First quarter revenues were good, though second quarter revenues were below expectations, in part because of a poor Easter holiday, he said. AirTran reported a net loss of $35 million in the first quarter. Bookings for summer look strong.
Ancillary fees, such as those on second checked bags, also have helped generate revenue. Fornaro said the airline has considered fees on first checked bags, but does not plan to levy such fees at this time.
Atlanta-based Delta Air Lines Inc. (NYSE: DAL), also hasn't adopted fees on the first checked piece of luggage.
 
what gives?..just a few days ago AAI was bragging over record loads..now this??


Bragging?....I don't think you'll find too many people bragging about much these days. At least not out on the line anyway. Rough seas for all my friend.
 
what gives?..just a few days ago AAI was bragging over record loads..now this??

Load factors aren't what matter. We still have record load factors, but the revenue isn't enough to make up for the absurd rise in fuel prices. The fares simply aren't moving up fast enough. The last fare increase by American had to be withdrawn because other carriers didn't match it. Without fares going up, unprofitable routes have to be cut.
 
Allison Stokke...google it, you'll find plenty.

She's 19 years old, for cryin' out loud, . . . and just graduated high school.

Unfortunately for her and her family, she is attracting every pervert on the internet, including . . . apparently, our very own JonJuan.

. . . Nice.

TW
 
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She's 19 years old, for cryin' out loud, . . . and just graduated high school.

If there's grass on the infield..... (just kidding....kinda ;) )
 
She's 19 years old, for cryin' out loud, . . . and just graduated high school.

Unfortunately for her and her family, she is attracting every pervert on the internet, including . . . apparently, our very own JonJuan.

. . . Nice.

TW


19? She's almost too old. I better get to her quickly. Just kidding. I usually like them a couple years older than me but in the meantime.......It's Google Time.
 

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