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AirTran upgraded

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Well, the good news is we still have 65 brand new B737's being built by Boeing for us over the next 4-5 years. And if the economy isn't do well enough to bring them to ATL, our management is getting calls from airlines all over Asia and Africa to buy our airplanes for about $5 million more than we paid for them (basically an extra $300 million in equity already accrued).

Either way, I think we will be OK. Time will tell. I got $5 we squeak out a small profit tomorrow.

until the minute that new contract is signed and then its the same old mgmt mantra, "our costs are too high....."

good luck. my guess is a small loss tomorrow simply because of the cynic in me (the fact that no new contract has been brought forward and thus mgmt wants to show how "precarious" the situation is).
 
NEW YORK (MarketWatch) - AirTran Holdings Inc. would likely benefit from a Northwest-Delta merger, which would trim excess domestic capacity, reduce competition and open up time slots to some of the nation's busiest airports, the low-cost carrier's chief financial officer said on Tuesday.

In an interview with MarketWatch, CFO Stanley Gadek said Northwest and Delta are currently the No.1 and No. 3 airlines for route coverage between the markets AirTran serves.
A tie-up between the two would give the post-merger company a lot of overlapping routes to consolidate, reducing the number of seats while firming up airfares, and giving AirTran the opportunity to pick up some of their former customers.


Additionally, Justice Department trustbusters would likely require the new company to give up a number of its gates and time slots at major airports such as New York's LaGuardia and Washington's Reagan International, Gadek said.
"It wouldn't all come to us, obviously, but we could get some benefit from that and from reduced capacity," he said.
As for AirTran, the carrier isn't currently interested in consolidating, Gadek added.
Earlier Tuesday, AirTran reported that it narrowed its fourth-quarter loss to 2 cents a share, or breakeven after stripping out certain one-time charges.
Bookings have so far been solid in the first quarter, and the company anticipates a swing to profitability before year's end, Gadek said. See full story.
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Christopher Hinton is a reporter for MarketWatch based in New York.
 

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