This excerpt taken from the AAI 8-K filed Jan 29, 2008.
- Set New Records for Annual Load Factor, Passengers and Revenues -
ORLANDO, Fla. (January 29, 2008) AirTran Holdings, Inc., (NYSE: AAI), the parent company of AirTran Airways, Inc., today reported net income of $52.7 million for the full year 2007 or $0.56 per diluted share. For the fourth quarter, AirTran reported a net loss of $2.2 million or $0.02 per diluted share.
Included in the full year results is a charge associated with the termination of AirTrans exchange offer for Midwest Air Group and a gain on the sale of two aircraft. The combined impact of these two items resulted in a reduction of earnings of $2.8 million, net of tax, or $0.02 per diluted share. The combined impact of these two items resulted in a reduction of earnings of $2.8 million, net of tax, or $0.02 per diluted share. For the full year and fourth quarter of 2006, AirTran reported net income of $14.7 million or $0.16 per diluted share and a $3.6 million or $0.04 loss per diluted share, respectively.
We finished the year with very strong revenue performance reflecting the high quality of our service and diversified network, which was especially important given the challenging operating environment and record high fuel costs in 2007, said Bob Fornaro, AirTran Airways president and chief executive officer. We are proud of our improved profitability, and our dedicated, hard-working Crew Members deserve all the credit. Their loyalty and outstanding customer service have taken AirTran Airways to new heights, and I look to our future performance with optimism.