AirTran Defers 18 Jets

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chucky

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Sep 13, 2006
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AirTran Airways Defers 18 Boeing Aircraft Deliveries
Friday May 30, 12:53 pm ET
- 18 Boeing 737-700s Scheduled for Delivery 2009-2011 Deferred to 2013 and 2014 -


ORLANDO, Fla., May 30 /PRNewswire-FirstCall/ -- AirTran Airways, a subsidiary of AirTran Holdings, Inc. (NYSE: AAI - News), announced today that it will defer 18 Boeing 737-700 aircraft originally scheduled for delivery between 2009 through 2011 to 2013 through 2014.


"As we stated during our first quarter earnings call, as a result of continuing record high fuel costs, we are reducing planned growth for September, 2008, through at least 2009 from 10 percent to no more than flat. This transaction will accomplish a substantial portion of that plan," said Bob Fornaro, AirTran Airways' President and CEO. "We appreciate the support of Boeing in this action as a part of their commitment to our long-term success."

The airline currently operates 54 Boeing 737-700 series aircraft as well as 87 Boeing 717-200 aircraft, and has America's youngest all-Boeing fleet.

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Join the rest of the crowd. This deferral is only the beginning :down:
The beginning of what? Capacity reduction? Already done. Reduction in growth? Already announced. Belt tightening? Long been doing it, and will continue to do so where possible. Job cuts? If necessary. Bankruptcy? In the distant future, and in the sense that anything's possible, sure.

But the end is nigh???? :rolleyes:
 
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