AirTran 1st Quarter Results

[FL717]

Bravo for you guys! You have to love the mgmt. style of thinking! Put it all on the backs of labor!
When I see mgmt taking bonuses and asking for concessions one really has to wonder what these people (if you can call them that) are thinking??

The current soup that they are feeding us is from both ends of the horse: From the front end they tell us: "Hey these Senior management guys have done wonders with guiding this company and we're in great shape, so they deserve these pay rewards". Then at the same time.... but out of the other end of the horse we hear: "Hey its a tough industry and we're not in very good shape so we need some concessionary "improvements" to the compensation of labor".

They have been really selling this hard at reccurrent. I say.... no thanks...

AAI should be helped by a reduced CASM as the 737s are deployed. The real question is weather they are seeing comparative load factors with the competition on those longer flts? AAI needs to see capacity shrink on the East Coast.

I absolutely agree, and since this east coast capacity shrink doesn't look like it will be anytime soon, I would like to see us begin to focus on some more profitable west coast flying similar to what we currently do up and down the eastern seaboard.

 

[Boeingman]

The current soup that they are feeding us is from both ends of the horse: From the front end they tell us: "Hey these Senior management guys have done wonders with guiding this company and we're in great shape, so they deserve these pay rewards". Then at the same time.... but out of the other end of the horse we hear: "Hey its a tough industry and we're not in very good shape so we need some concessionary "improvements" to the compensation of labor".

They have been really selling this hard at reccurrent. I say.... no thanks...

Standard MBA training. Screw the employees, line management pockets, pump the stock price. All with no thought or care about the long term health of the company.

 

[llowwelll]

Management said in the conference call Q and A that we were hurt by over-capacity on the east coast. However, our west coast routes are, according to them, very profitable. They say we may add another long-haul route in December or early next year. Our current expansion is focused on the east coast? Perhaps they are hoping to have capacity in place when either/both the US Air or Indenpendence situations resolve themselves.

 

[-9Capt]

Perhaps they are hoping to have capacity in place when either/both the US Air or Indenpendence situations resolve themselves.

When the ATA deal was first announced I specifically remember JL saying that he is not going to focus the futrue of this airline on the failures of others. Funny how things appear to change.

Also, I love how they pi$$ and moan about overcapacity on the east coast all while increasing frequency and announcing new east coast cities.

 

[llowwelll]

They also mentioned something about us being hurt in the first quarter by severe weather. Perhaps this says something about our reliance (overreliance?) on ATL and our failure as of yet to establish another hub-type city. When the WX goes down in ATL, it plays havoc on our entire system.

 

[-9Capt]

AirTran to nearly double number of flights from Philadelphia

By Tom Belden

Philadelphia Daily News

INQUIRER STAFF WRITER

AirTran Airways expects to almost double the number of flights it operates from Philadelphia International Airport in the next 12 months, the discount airline's president said today.

AirTran plans to start service in June between Philadelphia and Richmond, Va., and is considering flights between Philadelphia and US Airways' hub in Charlotte, N.C., president Robert Fornaro said.

AirTran, which now has 18 flights a day from Philadelphia to Atlanta, Boston and Florida, won't say when it may enter the Philadelphia-to-Charlotte route. It is more likely to add more flights first from here to the Midwest, to its hub in Atlanta, and to the five cities in Florida it already serves, Fornaro said.

The Richmond and Charlotte routes now are served nonstop only by US Airways. AirTran, one of the few carriers to make money last year, plans to start service next Wednesday from Charlotte to Baltimore and to its hub in Atlanta.

The Philadelphia-to-Richmond air-travel "market is fairly large, and historically it's had some of the highest prices in the country," Fornaro said. "We think it's a market that will just explode."

AirTran recently began leasing a fourth gate at Philadelphia airport, and "that gives us the opportunity to grow to about 35 flights," Fornaro said.

AirTran, blaming high fuel prices, reported a first-quarter loss of $8 million, or 9 cents a share, compared with a profit of $4.1 million, or 5 cents a share, a year ago. Revenue in the quarter increased from $233.5 million to $289.1 million.

 

[ThisistheDream]

If Airtran cant make money now, then we are all in trouble!!!!!!!!

 

[aspire]

"at least we're making money and growing"...well, at least growing.....

 

[FLB717]

In early 2002 90+% of our flight went through ATL, not it is down to 66% and falling.

As far as our managment taliking from noth ends, just recall that it is the classic Lorenzo play book. But this is not the 80's.

 

[Phaedrus]

>>>In early 2002 90+% of our flight went through ATL, not it is down to 66% and falling<<<

So what does this mean? Good? Bad?