ATA (American Trans Air, Inc.,) (Nasdaq:ATAH) today reported that it has been awarded $111 million in fixed-award flying for fiscal year 2003 with the U.S. military to provide passenger charter airlift services in support of the Air Mobility Command. The contract, which begins October 1, would increase the carrier`s fixed award revenues from $59 million in the current fiscal year. ATA also received $20 million in long-term expansion business from the military. Overall, the Company anticipates that its fiscal year 2003 expansion revenues will be equivalent to current fiscal year expansion levels of approximately $125 million.
“ATA has enjoyed a long-standing partnership with the U.S. military dating back to 1983, and looks forward to continuing its tradition of providing high-quality service and convenience in an effort to meet the needs of our military customers,” said Don Moonjian, President, ATA Charter.
Jim Hlavacek, ATA`s Chief Operating Officer added, “This new expanded Air Mobility Command fixed-award contract moves the airline a step closer to its goal of increasing charter revenues and utilizing its fleet of wide-body Lockheed L-1011 aircraft.”
Currently, 14 percent of ATA`s revenues are generated from the operation of military charters.
ATA is the nation`s 10th largest passenger carrier, based on revenue passenger miles. Now in its 30th year of operation, ATA operates significant scheduled service from Chicago-Midway and Indianapolis to over 43 business and vacation destinations. To learn more about the company, visit the website at www.ata.com.