AirTran Airways bolsters cash position, extends credit card processing agreementSeptember 30th, 2009 AirTran Airways bolsters cash positionATLANTA — The parent of discount carrier AirTran Airways said Wednesday it has reached deals to extend its credit card processing agreement with its largest card processor and to give itself more financial flexibility. The Orlando, Fla.-based company said the card processing agreement has been extended to Dec.
AirTran seeking OK from US Dept. of Transportation to launch Caribbean serviceAugust 26th, 2009 AirTran seeking OK to launch Caribbean serviceORLANDO, Fla. — AirTran Airways, a subsidiary of AirTran Holdings Inc., said Tuesday it filed applications with the U.S.
JetBlue offers 'all-you-can-fly' pass for $599, with travel Sept. 8 to Oct. 8August 12th, 2009 JetBlue offers 'all-you-can-fly' pass for $599NEW YORK — JetBlue Airways Corp. is offering an "all-you-can-fly" pass where passengers can book an unlimited amount of flights over a month for $599.
AirTran, Continental swapping slots; Deal comes amid new markets served by SouthwestAugust 11th, 2009 AirTran, Continental swapping slots at 3 airportsATLANTA — Discount carrier AirTran Airways plans to stop flying to and from Newark, N.J., and will give its takeoff and landing slots there to Continental Airlines in exchange for Continental slots at airports in Washington and New York, where AirTran faces increased competition from Southwest Airlines, officials said. An AirTran executive told employees in a memo Tuesday obtained by The Associated Press that the carrier's decision to cease operations effective Oct.
Republic Airways parent completes acquisition of Midwest Airlines for $31M in cash and debtJuly 31st, 2009 Republic Airways parent closes purchase of MidwestMILWAUKEE — Republic Airways Holdings says it has completed its acquisition of privately held Midwest Airlines for $31 million in cash and debt. Indianapolis-based Republic Airways Holdings is a regional carrier that currently flies under contract for other airlines.
Delta and AirTran have contrasting financial results, but face the same revenue challengeJuly 22nd, 2009 Delta posts 2Q loss, while AirTran reports profitATLANTA — Delta Air Lines Inc. and AirTran Airways posted contrasting financial results, but had a similar message Wednesday about the state of the airline industry: A near-term revenue recovery is unlikely.
AirTran shares soar after 2Q profit, major carriers lag as Delta posts lossJuly 22nd, 2009 Sector Snap: AirTran Shares jump after 2Q reportNEW YORK — Shares of AirTran Airways jumped nearly 15 percent in Wednesday midday trading, after the discount carrier said it swung to a profit in the second quarter. Delta Air Lines also reported earnings Wednesday, saying it lost $257 million.
AirTran reports second-quarter profit of $78.4 million, compared to year-ago-lossJuly 22nd, 2009 AirTran swings to 2Q profit of $78.4MATLANTA — AirTran Holdings Inc., parent of discount carrier AirTran Airways, on Wednesday posted a $78.4 million second-quarter profit even as revenue fell almost 13 percent. The earnings news offered a bright spot in a struggling industry, which has been hit hard by the recession.
AirTran chief executive says discount carrier not worried about competition in MilwaukeeJuly 22nd, 2009 On the call: AirTran CEO Bob FornaroAirTran Airways sees growth potential in the Midwest, and it has been aggressively expanding service in Milwaukee. But the competition could be stiff, since Southwest Airlines has announced new service to Milwaukee and Republic Airways Holdings says it will buy struggling Midwest Airlines.
AirTran Airways parent expected to post 2Q profit, a bright spot for the struggling industryJuly 20th, 2009 Earnings Preview: AirTran AirwaysATLANTA — AirTran Holdings Inc., operator of discount carrier AirTran Airways, reports second-quarter results on Wednesday. The following is a summary of key developments and analyst opinion related to the period.
Southwest, AirTran and Frontier start stampede of lower fares for short timeJuly 7th, 2009 Southwest, AirTran and Frontier start salesDALLAS — Discount carriers Southwest, AirTran and Frontier touched off a round of fare sales with prices below $100 on many shorter routes. Most other carriers quickly matched the sale prices Tuesday, which cover a limited number of seats and must be purchased in the next couple days.
AirTran CFO says the carrier will have 'one of the best years' in company historyJune 11th, 2009 AirTran CFO says carrier expects a good yearATLANTA — While its major competitors suffer, discount carrier AirTran Airways expects to have "one of the best years in the company's history," Chief Financial Officer Arne Haak told an investor conference Thursday. Haak said at the Bank of America-Merrill Lynch Global Transportation Conference in New York, which was broadcast on the Internet, that AirTran expects to turn a profit for the full year.
AirTran traffic, capacity, load factor fell in May compared to same month a year agoJune 2nd, 2009 AirTran traffic, capacity fell in MayORLANDO, Fla. — Discount carrier AirTran Airways, a unit of AirTran Holdings Inc., said Tuesday that May traffic, capacity and load factor fell compared to the same month a year ago.
AirTran Airways posts first-quarter profitApril 22nd, 2009 AirTran posts 1Q profitATLANTA — AirTran Holdings Inc., parent of discount carrier AirTran Airways, said Wednesday it posted a first-quarter profit of $28.7 million despite a 9 percent drop in revenue, compared to a restated year ago loss of $35.4 million. The results topped Wall Street expectations, a bright spot for the industry after several major carriers this week and last week posted hefty losses for the first three months of the year amid a steep decline in demand for air travel.
Parent of discount carrier AirTran Airways could post small adjusted 1Q profitApril 21st, 2009 Earnings Preview: AirTranATLANTA — AirTran Holdings Inc., parent of discount carrier AirTran Airways, reports first-quarter results on Wednesday. The following is a summary of key developments and analyst opinion related to the period.