8-K 1 oct8kreport.txt ATA HOLDINGS CORP. 8K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of earliest event reported: October 29, 2002 ATA HOLDINGS CORP. (Exact name of registrant as specified by its charter) Indiana 35-1617970 Item 9. Regulation FD Disclosure ATA Holdings Corp. (the "Company") is furnishing as Exhibit 99 attached hereto certain selected operating and financial statistics which are being provided to the investment community in a letter dated October 29, 2002. Pursuant to the requirement of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ATA Holdings Corp. (Registrant) /s/ Kenneth K.Wolff Kenneth K. Wolff Executive Vice President and CFO Date: October 29, 2002 Exhibit 99 October 29, 2002 The following enclosures contain forward-looking information. Such forward-looking information is based upon management's current knowledge of factors affecting the Company's business. Where the Company expresses an expectation or belief as to future results in any forward-looking information, such expectation or belief is expressed in good faith and is believed to have a reasonable basis. The differences between expected outcomes and actual results can be material, depending upon the circumstances. The expected capacity figures are dependent upon delivery and fleet transition schedules that could change. The expected fuel outlook is based upon management's estimation of fuel consumed by the Company's aircraft and future fuel prices that may differ materially from current Company expectations. The Company can provide no assurance that its expectations will be achieved. The Company assumes no obligation to update such estimates to reflect actual results, changes in assumptions or changes in other factors affecting such estimates. Dear Investment Community: We are pleased to present you with our October 29 ATA Holdings Corp. Investor Update. We hope that you find this to be a useful supplement to our third quarter earnings release. The operating statistics shown below reflect actual January - September traffic and capacity statistics. Our fuel consumption and expenditures have also been updated to reflect actual statistics, as well as hedging activity. As described in the above paragraph, this document contains forward-looking information. While we currently expect to update this information regularly, we are under no obligation to do so and these projections, as always, are subject to change. Sincerely, /s/Kenneth K. Wolff Kenneth K. Wolff Executive Vice President and CFO ATA HOLDINGS CORP. INVESTOR UPDATE As of October 29, 2002
Expected Capacity (expressed in Available Seat Miles) (in millions) Business Unit 1st Quarter 2002 2nd Quarter 2002 3rd Quarter 2002 4th Quarter 2002 Full Year 2002 Full Year 2003 (Actual) (Actual) (Actual) (Forecast) (Forecast) (Forecast) Scheduled Service - Jets 2,976 3,247 3,563 3,580 13,366 16,560 (yr/yr) 6.8% 11.1% 20.9% 35.4% 18.3% 23.9% Scheduled Service - Commuter 45 48 66 80 239 310 (yr/yr) 45.2% 41.2% 80.1% 77.9% 63.7% 29.7% Military 494 510 555 660 2,219 2,380 (yr/yr) -3.3% -11.7% 13.0% 17.1% 3.4% 7.3% Charter 790 441 305 280 1,816 1,290 (yr/yr) 1.4% -33.4% -61.9% -19.4% -29.9% -29.0% Sub-service 2 4 5 0 11 0 (yr/yr) -75.0% 300.0% NA NA 37.5% NA Total 4,307 4,250 4,494 4,600 17,651 20,540 (yr/yr) 4.6% 1.3% 5.2% 27.8% 9.0% 16.4%
Expected Traffic (expressed in Revenue Passenger Miles) (in millions) Business Unit 1st Quarter 2002 2nd Quarter 2002 3rd Quarter 2002 4th Quarter 2002 Full Year 2002 (Actual) (Actual) (Actual) (Forecast) (Forecast) Scheduled Service - Jets 2,155 2,488 2,694 2,560 9,897 (yr/yr) 3.2% 6.9% 16.7% 36.5% 15.1% Scheduled Service - Commuter 29 34 44 50 157 (yr/yr) 31.8% 41.7% 96.3% 77.8% 67.0% Military 214 253 252 330 1,049 (yr/yr) -7.4% 0.4% -1.3% 44.0% 8.6% Charter 633 349 247 210 1,439 (yr/yr) 9.9% -30.8% -63.4% -18.3% -28.4% Sub-service 1 2 2 0 5 (yr/yr) -80.0% 200.0% NA NA 0.0% Total 3,032 3,126 3,239 3,150 12,547 (yr/yr) 3.8% 0.6% -0.7% 31.8% 7.5%
Fuel Outlook 1st Quarter 2002 2nd Quarter 2002 3rd Quarter 2002 4th Quarter 2002 Full Year 2002 (Actual) (Actual) (Actual) (Forecast) (Forecast) Price per Gallon $0.766 $0.894 $0.902 $1.017 $0.899 Gallons Consumed (000) 60,727 57,209 58,727 60,742 237,405 % Gallons Hedged 5% 24% 17% 0% 11% % Gallons Passed Through 35% 26% 23% 24% 27%
ATAH Fleet Summary Year-End 2001 to Year-End 2003 Aircraft Type Operating Change Operating Change Operating 12/31/01 (Projected) 12/31/02 (Projected) 12/31/03 (Actual) (Projected) (Projected) Boeing 737-800 14 +16 30 +1 31 Boeing 757-200 15 +1 16 -1 15 Boeing 757-300 5 +5 10 +2 12 Boeing 727-200 10 -10 0 0 0 Lockheed L1011 15 -5 10 -4 6 -- - -- - -- Total Jets 59 +7 66 -2 64 Saabs 11 +6 17 0 17
Capital Expenditures and Aircraft Deposit Inflows (Outflows) (in millions) 1st Quarter 2002 2nd Quarter 2002 3rd Quarter 2002 4th Quarter 2002 Full Year 2002 (Actual) (Actual) (Actual) (Forecast) (Forecast) Non-Flight Capital Expenditures ($4) ($5) ($5) ($1) ($15) Aircraft Bridge Financing1 ($115) $115 NA NA $0 Aircraft Maintenance and Parts ($26) ($8) ($9) ($8) ($51) Total Capital Expenditures ($145) $102 ($14) ($9) ($66) Aircraft Deposit Inflows (Outflows)2 $11 $12 $2 $15 $40 1 Reflects purchase of two 757-300's that were financed with operating leases in Q2. 2 Net of financing.