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AirTran looks to capitalize on other airlines cutbacks

AirTran Airways Chief Executive Bob Fornaro said he thinks his airline will benefit from other airlines’ cutbacks in a weak economy as it focuses on expanding its network beyond Atlanta. AirTran Airways Chief Executive Bob Fornaro said he thinks his airline will benefit from other airlines’ cutbacks in a weak economy as it focuses on expanding its network beyond Atlanta. During a presentation at a Raymond James investor conference Thursday, Fornaro said there “is a lot of uncertainty out there, which I think is okay for us because that may create some opportunity as well.” Orando-based AirTran’s Atlanta hub makes up about 62 percent of its capacity, but that could fall below 60 percent by the end of the year, Fornaro said. The airline is “centered on Atlanta but ultimately a lot more diverse than we were four or five years ago,” he said.

AirTran stockholders approve Southwest merger

ORLANDO, Fla. – AirTran Holdings, Inc., the parent company of AirTran Airways, announced today that its stockholders voted overwhelmingly to approve the merger of a wholly-owned subsidiary of Southwest Airlines Co. with and into AirTran at a special meeting held today in Orlando. More than 98.6 percent of the votes cast and 77.5 percent of shares outstanding were voted in favor of the transaction. “We are grateful for our stockholders’ strong vote of confidence in this merger,” said Bob Fornaro, AirTran’s chairman, president and chief executive officer. “In approving the transaction, our stockholders recognized the value of bringing together AirTran and Southwest to create a platform for increased profitability and sustainable long-term value.”

Spirit Airlines announces major international expansion

Spirit Airlines announces major international expansion
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