flx757
I gotta have more cowbell
- Joined
- Mar 6, 2002
- Posts
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After reporting a 4th Qtr profit of $7.5 million or 10 cents a share, and a net income for the year 2002 of $10.7 million or 15 cents a share, the company announced plans for continued growth.
AirTran envisions taking up to another 100 planes
Tuesday January 28, 12:37 PM EST
CHICAGO, Jan 28 (Reuters) - Low-fare air carrier AirTran Holdings Inc. (AAI) would like to place an order for up to an additional 100 airliners later in 2003 to continue plans for sharp growth, Chief Executive Joe Leonard said on Tuesday.
AirTran, parent of AirTran Airways, said it is in talks with airplane manufacturers Boeing Co. (BA) and Airbus (EAD) about placing orders for a new type of jet for its fleet, now that a deal for Boeing 717s is nearly complete.
"We would like, probably later this year, to put in an order for 100 airplanes, 50 firm airplanes and 50 options," Leonard told Reuters in an interview. "We see the need to take about one airplane a month to keep us on that growth plan, starting in mid next year."
AirTran expects to take delivery of 23 Boeing 717s in 2003 and will have an all 717 fleet by October as it retires the last of its DC-9s. It will have six options left on the 717 deal.
Earlier on Tuesday, AirTran reported a fourth-quarter profit, a 2002 profit and said it expects a 2003 profit along with a company forecast for annual growth of 25 percent from 2003 through 2005.
AirTran envisions taking up to another 100 planes
Tuesday January 28, 12:37 PM EST
CHICAGO, Jan 28 (Reuters) - Low-fare air carrier AirTran Holdings Inc. (AAI) would like to place an order for up to an additional 100 airliners later in 2003 to continue plans for sharp growth, Chief Executive Joe Leonard said on Tuesday.
AirTran, parent of AirTran Airways, said it is in talks with airplane manufacturers Boeing Co. (BA) and Airbus (EAD) about placing orders for a new type of jet for its fleet, now that a deal for Boeing 717s is nearly complete.
"We would like, probably later this year, to put in an order for 100 airplanes, 50 firm airplanes and 50 options," Leonard told Reuters in an interview. "We see the need to take about one airplane a month to keep us on that growth plan, starting in mid next year."
AirTran expects to take delivery of 23 Boeing 717s in 2003 and will have an all 717 fleet by October as it retires the last of its DC-9s. It will have six options left on the 717 deal.
Earlier on Tuesday, AirTran reported a fourth-quarter profit, a 2002 profit and said it expects a 2003 profit along with a company forecast for annual growth of 25 percent from 2003 through 2005.
