ORLANDO, Fla.--(BUSINESS WIRE)--March 5, 2004--AirTran Airways, a
subsidiary of AirTran Holdings, Inc. (NYSE:AAI), today announced that
the airline has reached an agreement with Air Wisconsin Airline
Corporation (NASDAQ:AWAC) to end the regional jet service known as
AirTran Airways JetConnect. The move to end JetConnect service comes
after the airline performed an economic analysis and determined it
could operate the Boeing 717 more efficiently than the Canadair
regional jets in short-haul markets. Air Wisconsin Airline Corp.
currently operates ten Canadair regional jets under the AirTran
JetConnect brand and flies to 14 cities - five of them exclusively.
AirTran JetConnect service will begin phasing out of AirTran
Airways' system in July 2004, with all JetConnect service ending by
August 2004. Passenger demand in the JetConnect cities will be met
with the airline's popular Boeing 717 jets - all of which have
Business Class and extra large overhead storage bins. The airline
operates the youngest all-Boeing fleet in the nation. In addition, the
airline has 100 Boeing 737-700 aircraft on order with deliveries
scheduled to begin this summer.
"AirTran Airways viewed AirTran JetConnect as a trial which
included a pre-planned review period at the end of 2003. We launched
the regional jet product after September 11th when short-haul traffic
initially evaporated. Since that time, the combination of improved
short-haul revenue and eleven consecutive quarterly reductions in our
unit costs now permit us to better serve these routes with full-size
jets. Every jet in our fleet will have a Business Class cabin and
extra large overhead storage bins, and passengers will continue to
enjoy the same low fares they have come to expect with AirTran
Airways," said Joe Leonard, chairman and chief executive officer. "Air
Wisconsin lived up to their operational and financial promises, and we
appreciate the partnership with Air Wisconsin and wish them well in
their new endeavors."
"Air Wisconsin has enjoyed the relationship with AirTran Airways.
There are growth opportunities for Air Wisconsin with another airline
partner, and we are looking forward to re-deploying these regional
jets," said Pat Thompson, executive vice president of Air Wisconsin
Airline Corp.
AirTran Airways is one of America's largest low-fare airlines -
employing more than 5,600 professional Crew Members and operating 508
flights a day to 45 destinations. The airline's hub is at
Hartsfield-Jackson Atlanta International Airport, the world's busiest
airport by passenger volume, where it is the second largest carrier
operating 188 flights per day. AirTran Airways, a subsidiary of
AirTran Holdings (NYSE:AAI), is the world's largest operator of the
Boeing 717 and has the youngest all-Boeing fleet of any airline. In
2004, the airline will begin taking delivery of new Boeing 737-700s.
For reservations or more information, visit airtran.com (America
Online Keyword: AirTran).
Editor's note: Statements regarding the Company's operational and
financial success, business model, expectation about future success,
improved operational performance and our ability to maintain or
improve our low costs are forward-looking statements and are not
historical facts. Instead, they are estimates or projections involving
numerous risks or uncertainties, including but not limited to,
consumer demand and acceptance of services offered by the Company, the
Company's ability to maintain current cost levels, fare levels and
actions by competitors, regulatory matters and general economic
conditions. Additional information concerning factors that could cause
actual results to differ materially from those in the forward-looking
statements is contained from time to time in the Company's SEC
filings, including but not limited to the Company's annual report on
Form 10-K for the year ended December 31, 2002. The Company disclaims
any obligation or duty to update or correct any of its forward-looking
statements.
CONTACT: AirTran Airways, Orlando
Tad Hutcheson, 407-251-5578
tad.hutcheson@airtran.com
or
Judy Graham-Weaver, 770-907-5054
judy.graham-weaver@airtran.com
or
Air Wisconsin Airline Corp.
Kelly Lanpheer, 920-749-7638
kelly.lanpheer@airwis.com
SOURCE: AirTran Airways