AirTran Airways has a profitable fourth quarter and 2010

January 29, 2011 — AirTran Airways

AirTran Airways Boeing 717-2BD N950AT (msn 55012) (Little Debbie Cupcakes) BWI (Brian McDonough), originally uploaded by Airliners Gallery.

AirTran Holdings, Inc., (Orlando), the parent company of AirTran Airways, Inc., (Orlando) 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 the 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.

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.

Copyright Photo: Brian McDonough. Please click on the photo for the story of Little Debbie.

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