Market News Comments

AirTran (AAI)

AirTran Airways (NYSE:AAI), the Orlando-based discount carrier saw $5 to 6 million of revenue evaporate because of the winter storms that pounded parts of the country since the beginning of the year. According to the HeraldTribune.com, AirTran canceled over 1,400 flights over an eight-to-10-week period. That is more than it canceled over an 11-month period last year.
AirTran's first-quarter capacity will be up only 6 percent, a lower projection than the 7 percent to 8 percent increase the airline had been expecting. For the year, however, AirTran plans to increase capacity 3 percent to 4 percent.

Mar 9 · 9:53:00 AM · Source: HeraldTribune.com
Track · email · face · Twitter · digg · COMMENTS
by Steve Wieczorek

Enter your comment below and click Submit:

Copyright © 2010 MarketBeast.com.
All rights reserved.