AirTran Holdings, Inc. http://www.alacrastore.com/company-snapshot/AirTran_Holdings_Inc-1083143 Saturday, September 06, 2008 7:24:25 PM 1083143 AirTran Holdings, Inc. en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/cs/73712cs/73712norm Oil Meltdown Ignites Airlines Another big equity rally on oil price declines. Expect sequential deterioration in #Q## financials. $### million of industry out-of-period hedge gains put in #Q## operating income will likely be reversed....737121022YesD0Article114510971594107106971142142593corphy3433Capital Structure42High Yield21Sector Outlooks9/3/2008 12:05:00 AM150The oil price decline takes significant future risk out of the airline industry, but at the cost of near-term profitabiliy and cash balances.73712Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/73516cs/73516norm Airlines July #### Traffic Review - PRASM Deceleration Returns to Trend Atlantic sector PRASM growth bounced back. LatAm continues to outperform. Fares up across all sectors but Y-o-Y lower load factors retard unit revenue growth....73516617YesC0Article114510971594107142511429310697corphy3442High Yield9/2/2008 11:05:17 AM150The big news is a sharp deline emerging in low-cost carrier growth.73516Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/spcred/667361spcred/667361normThe latest News from S&Pglobal8/26/2008 1:12:51 PM100News667361United StatesAirlinesUnited StatesGlobal IssuersCorporationsTransportationNewsNEW YORK (Standard&Poor's) Aug. 26, 2008--Standard&Poor's Ratings Services said today it lowered its ratings on AirTran Holdings Inc., including the corporate credit rating, which we lowered to 'CCC+' from 'B-'. At the same time, we removed the ratings from CreditWatch, where they had been placed with negative implications on May 22, 2008. The outlook is stable. "The downgrade reflects expected heavy losses caused by high and volatile—albeit recently somewhat reduced—fuel prices," said Standard&Poor's credit analyst Betsy R. Snyder, "and the resulting pressure on the company's liquidity." AirTran currently has adequate near-term liquidity, with $433 million of unrestricted cash and short-term investments at June 30, 2008. "Expected continued heavy losses could total over $100 millionUSA91990600949P20302010 203020 2030 20AirTran Holdings Inc.304871USAAAIRNEWSGLOBISSCORPTransportationCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/667362spcred/667362normThe latest Research Update from S&Pglobal8/26/2008 1:12:51 PM175Research Update667362United StatesAirlinesUnited StatesGlobal IssuersCorporationsTransportationResearch UpdateOn Aug. 26, 2008, Standard&Poor's Ratings Services lowered its ratings on AirTran Holdings Inc., including the corporate credit rating, which we lowered to 'CCC+' from 'B-'. At the same time, we removed the ratings from CreditWatch, where they had been placed with negative implications on May 22, 2008. The outlook is stable. The downgrade reflects expected heavy losses caused by high and volatile (albeit recently somewhat reduced) fuel prices, and the resulting pressure on the company's liquidity. AirTran currently has adequate near-term liquidity, with $433 million of unrestricted cash and short-term investments at June 30, 2008. Expected continued heavy losses could total over $100 million in 2008, based on our current fuel price and revenue outlook, with theUSA91990600949P20302010 203020 2030 20AirTran Holdings Inc.304871USAAAIRRESUPDGLOBISSCORPTransportationCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/newstex/PRN-0005-27098645newstex/PRN-0005-27098645xml ORLANDO, Fla., Aug. #, #### (PRNewswire-FirstCall delivered by Newstex) -- AirTran Airways, a subsidiary of AirTran Holdings, Inc. (NYSE: AAI), announced today that the airline has launched a promotion offering contest entrants the...0800000008006000040000000401000004010001040160000401601304003000040030020400300804015000040150010200000002002000020020048/1/2008 9:19:10 AM180000001800600018015000180140001900000019001000190010101900101819001032PR Newswire USPRN-0005-27098645AIRTRAN HOLDINGS INCAAINewsNewstexhttp://www.alacrastore.com/storecontent/cs/72484cs/72484norm Airlines: Bulls vs Bears Many airline equities doubled while term debt remains priced in the low ##'s. Industry cash levels are deceivingly high given hedge counterparty collateral deposits and air traffic liability seasonality. Revenue...724841967YesD0Article114593109941077151142142597106corphy3433Capital Structure34Companies with Convertibles55Bankruptcy42High Yield21Sector Outlooks7/30/2008 11:05:00 PM150Looking inside the 2Q08 numbers reveals a much stronger case for the bears.72484Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/72419cs/72419norm AirTran #Q##: Growth Hangover Too much growth into the summer wiped out load factors and stopped PRASM growth cold. Fuel expenses overwhelmed a -#% drop in CASM ex fuel.  Liquidity improved with securities sales and a new LOC. Guidance...724191050YesD0Article1142corphy3442High Yield68Earnings Reports - Industrials/Consumer33Capital Structure7/29/2008 11:07:00 PM150Too much growth killed yields, but not for long.72419Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/ccbn/B1902497ccbn/B1902497norm...Last April, received #### Air Quality Award jointly awarded by Universities of Nebraska and Wichita State. ... 7/29/2008 4:06:00 PMAirTran Holdings, Inc.54.0000EditedAirTran Holdings, Inc. Q2 2008 Earnings Conference Call SummaryAAI10:00am ETBriefB1902497Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/ccbn/T1902497ccbn/T1902497norm...Good day. My name is Jackie and I'll be your conference operator today. At this time, I would like to welcome everyone to AirTran Holdings, Inc. second quarter #### earnings conference call. (OPERATOR INSTRUCTIONS). Thank you. It is now my pleasure to turn the floor over to Jason Bewley, Director of Corporate Finance. Sir, you may begin your conference. ... 7/29/2008 2:06:00 PMAirTran Holdings, Inc.54.0000FinalAirTran Holdings, Inc. Q2 2008 Earnings Conference Call TranscriptAAI10:00am ETTranscriptT1902497Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/newstex/MCOM-0002-26999792newstex/MCOM-0002-26999792xml Jul. ##, #### (M# Communications Ltd. delivered by Newstex) -- AirTran Holdings Inc (NYSE:AAI), the parent company of AirTran Airways Inc, has announced results for the second quarter of ####.The company recorded a net loss of USD##.#m,...0400000004016000040160187/29/2008 10:20:30 AM1800000018004000M2 Airline Industry InformationMCOM-0002-26999792AIRTRAN HOLDINGS INCAAINewsNewstexhttp://www.alacrastore.com/storecontent/newstex/PRN-0005-26996318newstex/PRN-0005-26996318xml ORLANDO, Fla., Jul. ##, #### (PRNewswire-FirstCall delivered by Newstex) -- AirTran Holdings, Inc., (NYSE: AAI), the parent company of AirTran Airways, Inc., today reported a net loss of $##.# million or $#.## per diluted share for...1300000013002000130020020400000004011000040110010401600004016001040160480401601804016003040150000401500104010000040100017/29/2008 8:19:32 AM18000000180040001800800018023000PR Newswire USPRN-0005-26996318AIRTRAN HOLDINGS INCArne G HaakROBERT L FORNAROAAINewsNewstexhttp://www.alacrastore.com/storecontent/cs/71910cs/71910norm Airlines June #### Traffic Review - Atlantic Bubble Bursting? Atlantic PRASM growth ground to a halt-only one data point but in a very important sector. LatAm continues with strong financial growth, driven by both yield and load factor. ...71910657YesC0Article114510971594107142511429310697corphy3442High Yield7/21/2008 12:07:05 AM150Storm clouds over the Atlantic.71910Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/newstex/PRN-0005-26697655newstex/PRN-0005-26697655xml ORLANDO, Fla., Jul. ##, #### (PRNewswire-FirstCall delivered by Newstex) -- AirTran Airways, a subsidiary of AirTran Holdings, Inc. (NYSE: AAI), signed an exclusive agreement today with JET Aircraft Maintenance, Inc., a designated service...040000000401500004015001040110000401100113000000130020001300200213010000130100017/16/2008 9:17:52 AM1800000018022000190000001900100019001009PR Newswire USPRN-0005-26697655AIRTRAN HOLDINGS INCBOEING COUNITED TECHNOLOGIES CORPAAIBAUTXNewsNewstexhttp://www.alacrastore.com/storecontent/moodys/PR_159184_600051172moodys/PR_159184_600051172htmlGlobal Credit Research Rating Action ## JUL #### Rating Action: AirTran Airways, Inc. Moody's downgrades ratings of AirTran -- corporate family to Caa#; Outlook Negative Approximately $### million of Debt Securities affected New York,...7/15/2008 2:08:41 AMhtmlAirTran Airways, Inc.AirTran Holdings, IncAirTran Airways, Inc.; AirTran Holdings, Inc600051172600019220150.0000NewsRating ActionPR_159184_600051172Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/cs/71345cs/71345norm AirTran #Q## Tearsheet AAI raised equity and debt recently at dilutive pricing, slashed ##% growth to zero, sold aircraft, and is cutting non union salaries ##%. Management anticipates more securities and aircraft sales to maintain...71345529YesC21Tearsheet1142tearsheets/premium347/7/2008 12:07:23 PM15071345Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/70885cs/70885norm Airlines May #### Traffic Review - Good is not Good Enough Anymore Yields, load factors, PRASM, traffic, and capacity all increased in May on a consolidated basis.  Net domestic and regional capacity continues to decline, but only...70885758YesC0Article1145109715941079314251142143910697corphy3442High Yield6/23/2008 1:04:00 AM150A good month is not good enough anymore.70885Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/70747cs/70747norm Airlines: #Q## Aircraft Operating Cost Survey - Focus on MD-## Unit fuel expense grew ##% Y-o-Y, lagging the quarter's ##% jump in crude oil. Maintenance costs continue their unit growth. Labor savings bottom out. MD-## unit fuel...707471018YesD0Article130171594114513021071445154214259710911421371143910693corphy3442High Yield6/17/2008 11:06:00 PM150The fuel spike kicked in during 4Q07, and aircraft operating costs reflect it. A special focus is on the MD-80.70747Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/69642cs/69642norm Airlines - April #### Traffic Review: PRASM Gains Significantly Lag Fuel Expense April yields fell far short of what is required to cover rising fuel expenses. The Atlantic sector remains strong despite continued capacity growth. ...69642768YesC0Article1145109715941079314251142143910697corphy3442High Yield6/12/2008 12:12:48 PM150April yields fell far short of what is required to cover rising fuel expenses.69642Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/newstex/PRN-0005-25913564newstex/PRN-0005-25913564xml ORLANDO, Fla., Jun. ##, #### (PRNewswire-FirstCall delivered by Newstex) -- AirTran Holdings, Inc., (NYSE: AAI), the parent company of AirTran Airways, Inc., announced today that Geoffrey T. Crowley has been elected to the company's...04000000040150000401500104016000040160086/11/2008 12:17:55 PM1800000018007000PR Newswire USPRN-0005-25913564AIRTRAN HOLDINGS INCNORTHWEST AIRLINES CORPORATIONROBERT L FORNAROAAINWANewsNewstexhttp://www.alacrastore.com/storecontent/newstex/PRN-0005-25913594newstex/PRN-0005-25913594xml ORLANDO, Fla., Jun. ##, #### (PRNewswire-FirstCall delivered by Newstex) -- AirTran Holdings, Inc., (NYSE: AAI), the parent company of AirTran Airways, Inc., announced today that its Board of Directors has appointed Arne G. Haak, current...04000000040190000900000009015000040150000401500104016000040160080401600104006000040060016/11/2008 12:17:55 PM1800000018007000PR Newswire USPRN-0005-25913594AIRTRAN HOLDINGS INCUS AIRWAYS GROUP INCROBERT L FORNAROAAILCCNewsNewstex