AirTran Holdings, the parent company of AirTran Airways, Inc., today reported net income of $38.5 million for 2010.
With today’s 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.
“What we accomplished in 2010 should be a great source of pride for our 8,500 dedicated Crew Members,” said Bob Fornaro, AirTran Airways’ chairman, president and chief executive officer. “Most significantly, during 2010 we hit the ball out of the park with our outstanding operational performance and customer service.”
The airline has entered into a 7-year lease to expand its facilities at Hartfield-Jackson Atlanta International Airport.
A pending acquisition by Southwest Airlines later in 2011, is also on the cards.
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.
