AirTran CFO Sees Opportunity In Industry Downturn | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

** Airborne 08.29.14 ** HD iPad-Friendly -- Airborne 08.29.14 **
** Airborne 08.27.14 ** HD iPad-Friendly -- Airborne 08.27.14 **
** Airborne 08.25.14 ** HD iPad-Friendly -- Airborne 08.25.14 **

Sun, Feb 08, 2009

AirTran CFO Sees Opportunity In Industry Downturn

Other Airlines' Cutbacks Leave Room For Expansion

Orlando-based AirTran has taken advantage of other airlines' cutbacks to selectively expand its routes, adding flights while cutting capacity and costs. 

The Atlanta Journal-Constitution reports AirTran Airways Chief Executive Bob Fornaro spoke at a Raymond James investor conference Thursday, revealing some of the company's strategy for surviving the recession.

"[There] is a lot of uncertainty out there, which I think is OK for us because that may create some opportunity as well," Fornaro said. "We can operate quite nicely in an environment that's got weak input prices such as oil and a weak revenue environment."

The airline has set its sights on expanding service to Milwaukee, picking up flights as competitor Midwest Airlines shrinks. Fornaro said that AirTran, "centered on Atlanta but ultimately a lot more diverse than we were four or five years ago," hopes to total over 30 departures daily from Milwaukee.

AirTran is cutting capacity by four percent this year, has tabled other growth plans for the next two years, and will continue to look for ways to cut costs during the recession.

FMI: www.airtran.com

Advertisement

More News

Classic Aero-TV: 26,000 Pounds of Heli-Beast -- The Cold War Air Museum’s Mi-24

Ugly To Many, But Incredibly Beautiful To Hard-Core Helo Fans ANN CEO and Editor-in-Chief, Jim Campbell visited the Cold War Air Museum's Mi-24 Russian helicopter at HAI a little o>[...]

Airborne 08.29.14: Google Drone!, Cessna's 10,000th, Bearhawk LODA

Also: Big Boeing Order, Napa Tower Quaked, Landsberg Retires, Galileo Falters Breaking News! Google has unveiled an exciting new UAV project, called Project Wing, which has been un>[...]

Aero-News: Quote Of The Day (09.01.14)

“We are delighted that construction of a world-class aerospace assembly facility is underway in Lafayette and that skilled Louisiana workers will be producing the standard-be>[...]

Annual Oshkosh 2014 'Best/Worst Of' Award Selection Invites YOUR Participation!

YOU Can Contribute To The Annual List Compiled By The Staff and Readership of the ANN and Aero-TV! E-I-C Note: We're going to start naming names and dropping details THIS week--- t>[...]

Klyde Morris (09.01.14)

Klyde Drones On... and On... FMI: www.klydemorris.com>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC