2007 financial results announced by AirTran Holdings Inc

Airline Industry Information,  Jan 30, 2008  

Tags: AirTran Holdings Inc., financial

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AIRLINE INDUSTRY INFORMATION-(C)1997-2008 M2 COMMUNICATIONS LTD

AirTran Holdings Inc (NYSE: AAI), the parent company of AirTran Airways Inc, has announced its financial results for the fourth quarter and full year 2007.

The airline reported net income for full year 2007 of USD52.7m or USD0.56 per diluted share. For the fourth quarter AirTran reported a net loss of USD2.2m or USD0.02 per diluted share.

For the full year and fourth quarter of 2006, AirTran reported net income of USD14.7m or USD0.16 per diluted share and a USD3.6 m or USD0.04 loss per diluted share, respectively.

The airline said that during the fourth quarter capacity grew by 15.1% and traffic rose by 25.5%, resulting in a load factor of 75.3%, a 6.3 point increase year over year.

In addition revenues for the fourth quarter increased by 26.5% and passenger unit revenue increased 9.4%.

For the full year capacity increased by 19.4% and traffic rose 25.0%, which resulted in a record load factor of 76.2%.

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