Airtran Hiring news?

[maxblast72]

yup your numbers are correct. You will probably see guys pulled from the pool after the bid closes on the 21st. Then some new hires. All capacity growth with no AC, but the rumor is that is next. Just in time for a strike in April-May.

Not exactly true, Airtran picked up the 2 737s in fall 2009. Those airframes will be flown for all of 2010 but only contributed a month or two to Airtran 2009 ASM total. Airtran advertising to Wall Street 3-4% ASM growth for 2010. 138 aircraft for 2010 vs 136 aircraft essentially for 2009 and some increased utilization levels as we ramp MKE up.

Supposedly it takes 30% down and 7-9% interest to bring a new 737 on the property now versus 15% down and 5% interest a few years ago. Say goodbye to easy financing for companies with poor credit ratings (most airlines have poor credit ratings). I would be surprised to see new aircraft in this economy with Jet A above $2.10/gallon. Airtran's 3rd and 4th quarters were nowhere near as strong as the first two quarter of 2009. Airtran still doing better than most however.

 

[Max Powers]

AirTran credit rating has been upgrade recently to Caa1 on the moody scale:
Caa1 = Substantial risk...and that was an upgrade.

 

[DonVerita]

go to airtran.com
careers
search all jobs
on the right side click create a profile
create profile and upload your resume
this is all from a friend who put his stuff in last night.

i have not presonally tried it.

good luck

It's a convoluted website that is by no means user friendly. It is half a$$ed at best; which shouldn't be surprising given the way Management runs this operation.

 

[livintheredream]

Not exactly true, Airtran picked up the 2 737s in fall 2009. Those airframes will be flown for all of 2010 but only contributed a month or two to Airtran 2009 ASM total. Airtran advertising to Wall Street 3-4% ASM growth for 2010. 138 aircraft for 2010 vs 136 aircraft essentially for 2009 and some increased utilization levels as we ramp MKE up.

Supposedly it takes 30% down and 7-9% interest to bring a new 737 on the property now versus 15% down and 5% interest a few years ago. Say goodbye to easy financing for companies with poor credit ratings (most airlines have poor credit ratings). I would be surprised to see new aircraft in this economy with Jet A above $2.10/gallon. Airtran's 3rd and 4th quarters were nowhere near as strong as the first two quarter of 2009. Airtran still doing better than most however.

Mr B717CA Sir
yup your numbers are correct. (This is a TRUE post check the vn) You will probably see guys pulled from the pool after the bid closes on the 21st.(TRUE all recalls have been called and there is a new hire clase in Feb with Pool guys) . All capacity growth with no AC,(TRUE no AC in 2010 published a thousand times everywhere you look) but the rumor is that AC are next.(TRUE you can say rumors are false or true) Just in time for a strike in April-May.(TRUE) this place is hostile at best, a strike vote will come late Feb or March how they handle it is yet to be seen.

So tell me what is not true.....?Go take a look at past history of 4th quarter earnings. Yes AirTran made money in the past for the year but has never made it in the 4th. If on the 27th they show a profit, witch I think they will (speculation) so you cant say that this is not true, will show how financial strong FL is. If UAL can make AC orders while pissing money away then I think FL can get financing regardless of credit rating. Remember they are in bed with boeing.

 

[RIDETHELIGHTING]

Rumor is 800..

 

[Colonel Savage]

800 what?

 

[Lear70]

737-800's, depending on what happens with negotiations, I'm sure.

If you remember in T.A.'s 1 & 2, they were trying to make the -800 fall into the SNB category with the new pay rates.

 

[gt1900]

Don't forget, AAI still has about 50 airplanes on order. I know for a fact that build slots can be moved forward and backward, so if the company wants new planes, they could probably get some build slots moved up from the current order of 737's already on the books. Ive heard the 737-800 rumor as well, but its not really a rumor. The company already said they were interested in 800's in a public statement.

 

[maxblast72]

So tell me what is not true.....?Go take a look at past history of 4th quarter earnings. Yes AirTran made money in the past for the year but has never made it in the 4th. If on the 27th they show a profit, witch I think they will (speculation) so you cant say that this is not true, will show how financial strong FL is. If UAL can make AC orders while pissing money away then I think FL can get financing regardless of credit rating. Remember they are in bed with boeing.

Airtran Airways 2010 ASMs will be 3-4% higher than 2009 ASMs due to 2 extra aircraft and increased aircraft utilization according to our CFO at last investor conference presentation (sorry you can't understand 2 aircraft delivered in Q4 2009 increase 2010 ASMs when doing a comparison between 2009 and 2010 capacity levels).

Airtran is doing fine and will announce their best year ever in terms of net profit in 2 week (best operating margin ever was still 2003). Our cash on hand will also be at record levels. Airtran will have no problem getting new airplanes financed, it is just that 2011 deliveries will cost more to get on property and each month than 2007 deliveries did (due to the end of cheap money especially for low credit rating companies). With the increased cost of aircraft acquisition and the weak economy expect growth in the 3-8% range for a while vs the 20%+ Airtran experienced from 2002-2007.

Q4 2008 was pretty respectable with a 9% operating margin. Of course when you put in the one-time loss to unwind most of Airtran's upside down 2009 fuel hedges, the net line doesn't look so hot. My general point on first half of 2009 year vs second half of 2009 was that when fuel was in the $1.60-1.80 range, Airtran was posting record quarters even with a really weak revenue environment (Q1 and Q2 2009 were quarterly records). When fuel is in the $2.00-2.10 range, Airtran does OK but not great in a weak revenue environment.

 

[Spud]

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