Airtran PROFIT $32 Million!!

[Airtran Fanatic]

AirTran Holdings Reports 2Q Profit
Thursday July 27, 7:55 am ET
AirTran Holdings Says 2Q Profit Rises on Higher Capacity and Revenue
ORLANDO, Fla. (AP) -- Low-fare airline operator AirTran Holdings Inc. on Thursday posted second-quarter results that beat Wall Street expectations, citing stronger capacity and revenue that helped offset rising fuel costs.
Profit rose sharply to $32 million, or 33 cents per share, from $11.4 million, or 13 per share, a year earlier. Revenue increased 44 percent to $528.2 million from $366.3 million.
The results beat analysts' expectations of 28 cents per share on revenue of $504.9 million, according to a Thomson Financial poll of analysts.
"While oil prices rose to record levels, AirTran Airways managed its non-fuel unit costs amid record growth seeing only a 1.6 percent increase," said Stan Gadek, chief financial officer.
Capacity increased around 23 percent during the quarter, which helped offset a 33 percent rise in fuel costs from the year-ago period.
Looking ahead, the company expects to see a reduction in non-fuel unit costs in the second half of 2006, compared with the year-ago period, as the company is expected to receive eight Boeing 737-700 airplanes.

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Sorry if its a re-post.

 

[Mach 80]

Why the double exclamation posts??

 

[75M]

Why the double exclamation posts??

He is a fanatic you know...

 

[-9Capt]

Sorry for the negativity but...

Think of how much more we would have made without the computer melt down.

Half of that profit likely came from the company's constant contract "re-interpretations". I haven't been paid correctly in months.

 

[PA-22]

Hey, Congratulations !! (see, I use double exclamation too:beer: )

Looks like every single airline posted a profit, am I right?

Pay raises for every pilot!! :beer:

Colt.

 

[jester757]

Just think how much more the company will make when managment gets the concessions from the pilot group druing contract negotiations....

 

[XRMEFLYER]

Just think how much more the company will make when managment gets the concessions from the pilot group druing contract negotiations....

You almost sound giddy at the prospect. One thing the past few years should have taught all of us is that what is bad for one of is is bad for all of us in the long run and vice versa. Speaking of which, when are those SWA guys gonna get their raise so we can follow suit? GO SWAPA!!!!

 

[SWA/FO]

Speaking of which, when are those SWA guys gonna get their raise so we can follow suit? GO SWAPA!!!!

The process starts 8/1/06.... I'm sure SWAPA will do their best.

 

[Nocturnal1]

Good friggin luck...it's only been 2 years and Airtran management is redefining the term " reindeer games". Now is a crappy time for our profession, managements villification of the pilots as overpaid primadonas. Gimme a break. We're the only profession that continually plays "you bet your license", livelyhood, etc. That red apron is looking better than ever.