Christopher White (Media)
January 28, 2011
AirTran Holdings, Inc. Reports Net Income of $38.5 Million for 2010
- Operational Excellence Leads to #1 Ranking in The Wall Street Journal’s Annual Airline Scorecard-
-Company Continues Strong Financial and Operational Performance in Anticipation of
Merger With Southwest Airlines-
ORLANDO, Fla., (January 28, 2011) -- AirTran Holdings, Inc., (NYSE: AAI), the parent company of AirTran Airways, Inc., today reported net income of $38.5 million or $0.26 per diluted share on revenue of $2.6 billion for the full year 2010. With today’s announcement, AirTran has reported profits for eight of the past nine years.  For the fourth quarter of 2010, the Company recorded net income of $1.9 million or $0.01 per diluted share on revenue of $645.5 million.
“What we accomplished in 2010 should be a great source of pride for our 8,500 dedicated Crew Members,” said Bob Fornaro, AirTran Airways’ chairman, president and chief executive officer. “Most significantly, during 2010 we hit the ball out of the park with our outstanding operational performance and customer service. We also entered into a seven-year lease for expanded facilities at Hartsfield-Jackson Atlanta International Airport and completed a five-year agreement with our pilots. As we look forward to our pending acquisition by Southwest Airlines in 2011, our airline is in the best operational shape ever.  We are very well positioned for the next chapter of our exciting history.”
2010 marks the third consecutive year AirTran Airways has been recognized for its outstanding operational performance as the number one low-cost carrier in the prestigious Airline Quality Rating (www.aqr.aero) and the sixth consecutive year the airline has been ranked in the top three among major U.S. airlines in this highly-regarded, objective ranking.
During 2010, AirTran agreed to be acquired by Southwest Airlines, the largest low-cost airline in the U.S. The proposed acquisition is subject to customary shareholder and regulatory approvals and if approved, the acquisition of AirTran by Southwest Airlines is expected to occur in the second quarter of 2011.
2010 Accomplishments
In addition to securing a mutually-beneficial agreement with its pilots and solidifying its long-term future at the world’s busiest airport, Hartsfield-Jackson Atlanta International Airport, AirTran Airways continued its industry leading operational performance in 2010. Recognition of this customer service excellence culminated in the number one ranking in The Wall Street Journal’s annual airline scorecard.
The 2010 performance of AirTran Airways’ operation led the industry and was the best in the airline’s history. AirTran Airways was among industry leaders with 82.7 percent of flights arriving on-time, the airline completed 98.9 percent of its flights and continued its industry leading baggage handling performance with a new record low mishandled baggage rate of less than two bags per one thousand passengers.

The following information was filed by Airtran Holdings Inc (AAI) on Friday, January 28, 2011 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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