AirTran CEO: Legacy carriers likely to shrink
From AP News | 2010-02-04 15:30:29
<div id="subtitle">AirTran chief believes legacy carriers will continue to shed US capacity</div><div><p>AirTran Airways' chief believes legacy carriers will continue to shed seats in the U.S. market because they have had a hard time making money domestically.</p><p>CEO Bob Fornaro told investors at a New York conference on Thursday that AirTran can make money in the U.S. because it has low costs, allowing it to offer cheap fares while still posting profits.</p><p>AirTran plans to increase capacity, which is measured by the available seats an airline offers times miles flown, by 3 percent to 4 percent this year.</p><p>The five U.S. legacy carriers are Delta Air Lines, American Airlines, United Airlines, Continental Airlines and US Airways. Legacy airlines are those that had a large presence in multiple regions of the country before deregulation of the industry in 1978.</p><img src="http://admatch-syndication.mochila.com/images/ad.gif?aid=68445747&bid=informcom" /></div><div id="copyright"><div>
Copyright 2010 <a href="http://www.ap.org">AP News</a></div></div>
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