"Sir, there really was no plan for AirTran without SWA buying us. We had sold or deferred as many planes as we could and we had nowhere to go if we found money to purchase the aircraft. I understand the ALPA pilots had expectations of rapid upgrades and grand visions but their hopes were unfounded. They had not seen behind the curtain, I have. Sir, I can honestly tell you that each AirTran pilot will be better off at the bottom of the SWA list than they ever would have been with a stand alone AirTran. This SWAPA offer is ultimately fair and equitable and it is AirTrans position that you should accept their proposal." .......AirTran spokesman to arbitrator.
"We agree." ......SWA spokesman
"We agree." ......SWAPA spokesman
"We want relative seniority and the extra 2 million because we are pretty and we are ALPA." ......ALPA spokesman
The arbitrators will make an informed decision based on the input of the 4 parties. 3 of those parties will be on the same page. One will be on the Moon.
Bill,
With all due respect ... You might want to give this a little more thought.
There are stacks of SEC filings, recordings of quarterly reports and financial documents that reflect AirTrans status. Nobody is going to stand up in front of three arbiters and commit perjury for you.
The article below is from Jan 2010:
AKRON, Ohio --AirTran Holdings Inc., operator of discount carrier
AirTran Airways,
reported record fourth quarter and annual profits this morning.
AirTran had net income of $134.7 million or 95 cents per diluted share for all of 2009 and net income of $17.1 million, or 11 cents per diluted share for the fourth quarter.
The carrier joined a small group of airlines that posted profits in the fourth quarter. Continental Airlines surprised analysts in announcing last week that it squeezed out a fourth-quarter profit of $85 million, or 60 cents a share.
AirTran executive Bob Fornara said his airline's results during one of the most trying economic times in decades "shows that customers are very attracted to our unique combination of high-quality, low-cost service."
Standard & Poor's on Monday upgraded its opinion on shares of AirTran Holdings to "buy" from "hold." S&P said AirTran has a bright outlook for 2010 and projected a 9 percent gain on revenues based on more ticket sales and higher pricing. It said the recent rise in fuel prices will cut earnings per share. But S&P said AirTran's shares trade at a large discount compared to its peers, giving the stock upside potential.
AirTran's said its annual net income was an improvement of over $400 million compared with 2008.