@ mweiss:
Actually, the article does not specify, whether the $125 fare is O/W or RT.
However, I can assure you that it is the oneway fare excluding taxes. It would still be a remarkable deal compared to OAL's published fares to continental Europe.
@jmntx:
Just to clarify a few things: ATA never intended to start scheduled transatlantic service any sooner than 2005 - May 2005, to be more precise.
What I pointed out is that the negotiations with Cologne Airport (regarding landing fees, leases, incentives, etc.) are expected to be finalized by October 2004. Shortly thereafter ATA should be able to make a more specific announcement, including US gateway(s), frequencies, etc.