AirTran presentation to Midwest, February 23, 2007

Economic Impact Of AirTran-Midwest Merger

February 2007

EXHIBIT (A)(34)

The Greater Milwaukee Area and the State of Wisconsin

Benefit From A Combination Of AirTran & Midwest

•

Increased service and lower fares will stimulate passenger

growth and facilitate economic development in the region

•

Total economic benefit of increased travel and related

spending in Wisconsin will be nearly $1 billion per year

•

Increase daily departures by 74 flights, seat capacity more than

double and 29 additional destinations:

–

Total Daily Flights:

215

–

Total Destinations:

–

Incremental Employment:

1,100

AirTran Airways Overview and Update

•

Profitable low-cost, low-fare

airline serving 55 cities

•

New all Boeing fleet of 128

aircraft

–

87 Boeing 717-200

–

41 Boeing 737-700

•

Innovative business model with

Business Class, assigned seating

and XM Satellite Radio on all

flights

•

Increase service by over 50% to 215

flights per day by Summer 2009

–

Additional 50 jet departures

–

More than double seat capacity

–

Improve Intra-Wisconsin service

–

Nonstop destinations grows to 70

•

1,100 new WI based employees,

with added payroll of $30 million

•

Expansion will create nearly $1

billion in economic benefit to

Wisconsin

•

Training facilities, call center,

aircraft maintenance, marketing

services center in Milwaukee area

Company Overview

Milwaukee Commitment

West Palm Beach

Newport News

Newark

Washington, D.C.

Grand Bahama

Minneapolis

Buffalo

Boston

Dallas/Ft. Worth

Gulfport/Biloxi

Houston

New Orleans

Tampa

Miami

Ft. Lauderdale

Memphis

Jacksonville

Orlando

Ft. Myers

Savannah

Raleigh/Durham

Raleigh/Durham

/Durham

Durham

Moline

Bloomington

Chicago

Flint

Philadelphia

Dayton

Akron-Canton

Akron-Canton

-Canton

Canton

Pittsburgh

Baltimore

Rochester

Wichita

Pensacola

Denver

Las Vegas

Los Angeles

Charlotte

San Francisco

Phoenix

Indianapolis

Nashville

Sarasota

Toronto

Seattle

San Antonio

Omaha

Des Moines

Richmond

St Louis

Daytona Beach

AirTran

Midwest

Detroit

New York City

White Plains

Hartford

Current Route Networks

San Diego

Green Bay

Wausau

Appleton

Madison

Rhinelander

Duluth

Kansas

City

Cleveland

Columbus

Grand Rapids

Louisville

Atlanta

Milwaukee

West Palm Beach

Newport News

Newark

Washington, D.C.

Grand Bahama

Minneapolis

Buffalo

Boston

Dallas/Ft. Worth

Gulfport/Biloxi

Houston

New Orleans

Tampa

Miami

Ft. Lauderdale

Memphis

Jacksonville

Orlando

Ft. Myers

Savannah

Raleigh/Durham

Raleigh/Durham

/Durham

Durham

Moline

Bloomington

Chicago

Flint

Philadelphia

Dayton

Akron-Canton

Akron-Canton

-Canton

Canton

Pittsburgh

Baltimore

Rochester

Wichita

Pensacola

Denver

Las Vegas

Los Angeles

Charlotte

San Francisco

Phoenix

Indianapolis

Nashville

Sarasota

Toronto

Seattle

San Antonio

Omaha

Des Moines

Richmond

St Louis

Daytona Beach

New MKE Routes

Current Routes

AirTran Will Grow MKE to 70 Total Destinations

with more than 215 daily departures

Detroit

New York City

White Plains

Hartford

Milwaukee Hub: 2009

San Diego

Green Bay

Wausau

Appleton

Madison

Rhinelander

Duluth

Kansas

City

Cleveland

Columbus

Grand Rapids

Louisville

Cancun

San Juan

Montreal

Vancouver

Salt Lake City

San Jose

Albuquerque

Portland

Charleston

Milwaukee

Atlanta

West Palm Beach

Newport News

Newark

Washington, D.C.

Grand Bahama

Minneapolis

Buffalo

Boston

Dallas/Ft. Worth

Gulfport/Biloxi

Houston

New Orleans

Tampa

Miami

Ft. Lauderdale

Memphis

Jacksonville

Orlando

Ft. Myers

Savannah

Raleigh/Durham

Raleigh/Durham

/Durham

Durham

Moline

Bloomington

Chicago

Flint

Philadelphia

Dayton

Akron-Canton

Akron-Canton

-Canton

Canton

Pittsburgh

Baltimore

Rochester

Wichita

Pensacola

Denver

Las Vegas

Los Angeles

Charlotte

Phoenix

Indianapolis

Nashville

Sarasota

Toronto

Seattle

San Antonio

Omaha

Des Moines

Richmond

St Louis

Daytona Beach

A Truly National Low Cost High Quality Airline

Detroit

New York City

White Plains

Hartford

Merged Route Networks: 2009

San Diego

Green Bay

Wausau

Appleton

Madison

Rhinelander

Duluth

Kansas

City

Cleveland

Columbus

Grand Rapids

Louisville

Cancun

San Juan

Montreal

Salt Lake City

San Francisco

San Jose

Portland

Charleston

Albuquerque

Milwaukee

Vancouver

Atlanta

Demonstrated Impact Of Competition

•

Atlanta is the busiest airport in the

world because of vigorous

competition

•

Prior to 1994, Atlanta was on the

decline, ranking only 4th

in the

U.S.

•

AirTran has expanded competition

in recent years to more than 20

new markets, including Charlotte,

Denver, Kansas City, Las Vegas,

Los Angeles, Minneapolis,

Pittsburgh, Richmond, Rochester,

San Francisco, Sarasota, Seattle,

White Plains and Washington’s

Reagan National

U.S. Airport Rankings

Atlanta

Chicago –

O’Hare

Dallas –

Ft Worth

Los Angeles

Denver

Phoenix

Detroit

Las Vegas

Minneapolis

10.

San Francisco

AirTran Airways’

Milwaukee Impact

•

Projected direct airport related benefits:

–

Increase annual payroll in excess of $30 million

–

More than $2 million increase in payroll taxes

–

Additional $11 million in MKE airport fees and facilities rent

–

Over $10 million in incremental Passenger Facility Fees

–

Passenger concession revenue more than $18 million

•

Expanded aircraft maintenance operation and hangar

utilization

•

Maintain and expand customer service and flight training

center

•

Expanded Call Center and Customer Relations Operation

•

Establish Marketing Services Center in Oak Creek

Economic Benefit To Wisconsin

•

Consumers save more than

$360 million per year in air

travel expense

•

More than 3.7 million more

travelers to the state

•

Airport and concessions

revenue increases will

exceed $29 million

•

Non-airport spending over

$460 million per year

•

1,100 more jobs with over

$30 million payroll

$1.8 million

Payroll Taxes

$30 million

Increased Payroll

1,100+

New Jobs

$467 million

Non-Airport

$11 million

Airport Fees

$18 million

Concession

Revenue

3.7 million

New Visitors

$363 million

Consumer Savings

•Conservative estimate based on CVB studies of

average spending

Consumer Savings

•

Wisconsin consumers will save more than $363 million

per year in air travel expense

$363,241,907

$9,786,366

$30,348,619

$323,106,923

Total WISC

$2,388,797

$117,230

$282,990

$1,988,577

Wausau

$641,589

$26,066

$34,388

$581,134

Rhinelander

$339,029,701

$8,770,026

$27,770,395

$302,489,280

Milwaukee

$11,100,139

$425,888

$1,121,485

$9,552,766

Madison

$5,980,395

$269,719

$741,790

$4,968,886

Green Bay

$4,101,286

$177,437

$397,569

$3,526,280

Appleton

Total Savings

New Market

Expansion

Combined Network

Synergies

AirTran Business

Model

Related Economic Benefit

•

An additional $473 million in community benefit resulting from

revenue generated from increased travel to and from Wisconsin

$473,971,217

$445,264,843

$17,893,469

$10,812,906

Total WISC

$8,861,837

$8,500,967

$341,621

$93,951

Wausau

$3,863,572

$3,697,484

$148,588

$106,763

Rhinelander

$368,541,299

$350,826,284

$14,098,349

$9,964,500

Milwaukee

$44,953,289

$43,168,514

$1,734,775

$256,230

Madison

$24,949,440

$23,953,508

$962,599

$177,938

Green Bay

$15,767,291

$15,118,087

$607,537

$213,525

Appleton

Total Benefit

Community Benefit

Concession Revenue

Airport Revenue

Increased Milwaukee Employment

AirTran Airways projected Job Creation in Milwaukee Area

Projected

Current

New

Incremental

Year

New Jobs

Average

Payroll

Payroll at

by 2009

start pay

job pay

Start Pay

Avg Pay

Job category

Pilots

264

43,000

90,000

11,352,000

23,760,000

Flight Attendants

396

19,500

30,000

7,722,000

11,880,000

Mechanics

35,000

55,000

2,310,000

3,630,000

Reservations / Cust

18,000

26,000

900,000

1,300,000

Relations Agents

Customer Service

315

20,000

28,000

6,300,000

8,820,000

and Ramp Agents

Managerial and

40,000

50,000

1,000,000

1,250,000

Administraiton

Projected Total

1116

26,509

45,376

29,584,000

50,640,000

NOTES:

assume 22 new airplane dedicated to the MKE hub

assume 12 pilots (FO s) and 18 new flight attendants per new airplane all based in WI

assume 3 new mechanics per aircraft

assume 4.5 new airport jobs per new departure

assume full time pay for all new job

A Detailed Commitment To Growth

Current Midwest Milwaukee Hub

Merged AirTran-Midwest Hub: 2009

February 2007

July 2009

Peak

Seats/

Total

Peak

Seats/

Total

Destination

Depts

Dept

Dly seats

Depts

Dept

Dly seats

% Growth

Appleton

31.6

189.9

50.0

250.0

32%

Atlanta

102.5

615.0

125.6

879.2

43%

Baltimore-Wash

32.0

96.0

117.0

351.0

266%

Boston

88.0

440.0

125.0

625.0

42%

Cleveland

32.0

128.0

50.0

200.0

56%

Columbus

32.0

128.0

50.0

200.0

56%

Dallas-Ft Worth

88.0

352.0

117.0

468.0

33%

Duluth

32.0

96.0

32.0

96.0

Dayton

32.0

64.0

50.0

100.0

56%

Denver

88.0

264.0

117.0

468.0

77%

Des Moines

27.9

83.7

32.0

96.0

15%

Escanaba

19.0

57.0

32.0

96.0

68%

Flint

19.0

76.0

50.0

200.0

163%

Ft Lauderdale

147.0

294.0

137.0

274.0

-7%

Ft Myers

147.0

294.0

137.0

274.0

-7%

Grand Rapids

26.7

187.2

50.0

250.0

34%

Green Bay

24.6

123.2

32.0

160.0

30%

Hartford

32.0

64.0

117.0

351.0

448%

Indianapolis

32.0

128.0

50.0

200.0

56%

Iron Mountain

19.0

38.0

32.0

64.0

68%

Kansas City

96.1

768.8

117.0

936.0

22%

Las Vegas

144.4

433.2

137.0

548.0

27%

Los Angeles

143.0

137.0

548.0

283%

Louisville

19.0

38.0

50.0

150.0

295%

Madison

27.8

166.7

32.0

192.0

15%

Manistee

19.0

32.0

68%

Minneapolis-St Paul

88.0

352.0

117.0

585.0

66%

Muskegon

19.0

38.0

32.0

64.0

68%

Nashville

32.0

96.0

50.0

150.0

56%

New York-LGA

88.0

440.0

137.0

685.0

56%

Newark

88.0

264.0

117.0

468.0

77%

Omaha

61.1

244.5

117.0

351.0

44%

Orlando

110.0

440.0

137.0

548.0

25%

Philadelphia

88.0

352.0

117.0

468.0

33%

Phoenix

145.0

290.0

137.0

411.0

42%

Pittsburgh

32.0

128.0

50.0

200.0

56%

Rhinelander

19.0

57.0

32.0

96.0

68%

St Louis

19.0

57.0

50.0

150.0

163%

Tampa

125.5

251.0

130.3

390.9

56%

Toronto

32.0

64.0

117.0

351.0

448%

Washington-DCA

88.0

352.0

127.0

508.0

44%

Wausua

19.0

57.0

32.0

96.0

68%

Current Midwest Milwaukee Hub

Merged AirTran-Midwest Hub: 2009

February 2007

July 2009

Peak

Seats/

Total

Peak

Seats/

Total

Destination

Depts

Dept

Dly seats

Depts

Dept

Dly seats

% Growth

Akron-Canton

0.0

50.0

100.0

NEW

Albuquerque

0.0

137.0

NEW

Bloomington

0.0

32.0

96.0

NEW

Buffalo

0.0

50.0

100.0

NEW

Cancun

0.0

137.0

NEW

Charlotte

0.0

117.0

351.0

NEW

Detroit

0.0

117.0

585.0

NEW

Houston-HOU

0.0

117.0

351.0

NEW

Jacksonville, FL

0.0

117.0

NEW

Miami

0.0

137.0

NEW

Moline

0.0

32.0

96.0

NEW

Monteal

0.0

117.0

351.0

NEW

New Orleans

0.0

117.0

NEW

Raleigh-Durham

0.0

50.0

200.0

NEW

Richomond

0.0

117.0

351.0

NEW

Rochester

0.0

117.0

234.0

NEW

Salt Lake City

0.0

137.0

274.0

NEW

San Antonio

0.0

117.0

234.0

NEW

San Diego

0.0

137.0

411.0

NEW

San Francisco

0.0

137.0

411.0

NEW

San Jose

0.0

137.0

274.0

NEW

San Juan

0.0

137.0

NEW

Sarasota

0.0

117.0

NEW

Seattle

0.0

137.0

411.0

NEW

Vancouver

0.0

137.0

NEW

Washington-IAD

0.0

50.0

150.0

NEW

West Palm Beach

0.0

117.0

NEW

Whicita

0.0

50.0

100.0

NEW

White Plains

0.0

117.0

351.0

NEW

Totals

144.0

60.2

8,673.1

218.0

91.8

20,018.1

131%

Destinations Served

* Seasonal Service

Regional jets sizes may be increased.