8-K 1 atah8k-102003.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 20, 2003 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 20, 2003. 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/ David M. Wing David M. Wing Executive Vice President and CFO Date: October 20, 2003 Exhibit 99 October 20, 2003 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 20 ATA Holdings Corp. Investor Update. We hope that you find this to be a useful supplement to our third quarter 2003 earnings release, which will occur tomorrow, October 21. The operating statistics shown below reflect actual Q1-Q3 and forecasted Q4 2003 traffic and capacity statistics, as well as fuel consumption, capital expenditures, and aircraft in fleet. 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, David M. Wing Executive Vice President and CFO ATA HOLDINGS CORP. INVESTOR UPDATE As of October 20, 2003
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 (Actual) (Actual) (Actual) (Actual) (Actual) Scheduled Service - Jets 2,976 3,247 3,563 3,586 13,372 (yr/yr) 6.8% 11.1% 20.9% 35.6% 18.4% Scheduled Service - Commuter 45 48 66 78 237 (yr/yr) 45.2% 41.2% 80.1% 78.3% 62.7% Military 494 510 555 545 2,104 (yr/yr) -3.3% -11.7% 13.0% -3.9% -2.0% Charter 790 441 305 340 1,876 (yr/yr) 1.4% -33.4% -61.9% -2.6% -27.5% Sub-service 2 4 5 0 11 (yr/yr) -75.0% 300.0% NA NA 42.2% Total 4,307 4,250 4,494 4,549 17,600 (yr/yr) 4.6% 1.3% 5.2% 26.2% 8.7%
Business Unit 1st Quarter 2003 2nd Quarter 2003 3rd Quarter 2003 4th Quarter 2003 Full Year 2003 (Actual) (Actual) (Actual) (Forecasted) (Forecasted) Scheduled Service - Jets 3,770 4,095 4,233 4,450 16,548 (yr/yr) 26.7% 26.1% 18.8% 24.1% 23.8% Scheduled Service - Commuter 77 78 77 77 309 (yr/yr) 71.1% 62.5% 15.5% -1.3% 30.4% Military 1,083 947 711 712 3,453 (yr/yr) 119.2% 85.7% 28.1% 30.6% 64.1% Charter 355 248 171 163 937 (yr/yr) -55.1% -43.8% -43.9% -52.1% -50.1% Sub-service 0 2 2 0 4 (yr/yr) -100.0% -50.0% -60.0% NA -63.6% Total 5,285 5,370 5,194 5,402 21,251 (yr/yr) 22.7% 26.4% 15.6% 18.8% 20.7%
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) (Actual) (Actual) Scheduled Service - Jets 2,155 2,488 2,694 2,422 9,759 (yr/yr) 3.2% 6.9% 16.7% 29.0% 13.5% Scheduled Service - Commuter 29 34 44 46 153 (yr/yr) 31.8% 41.7% 96.3% 80.3% 62.3% Military 214 253 252 266 985 (yr/yr) -7.4% 0.4% -1.3% 16.6% 2.0% Charter 633 349 247 253 1,482 (yr/yr) 9.9% -30.8% -63.4% -0.5% -26.3% Sub-service 1 2 2 0 5 (yr/yr) -80.0% 200.0% NA NA -1.9% Total 3,032 3,126 3,239 2,987 12,384 (yr/yr) 3.8% 0.6% -0.7% 25.2% 6.1%
Business Unit 1st Quarter 2003 2nd Quarter 2003 3rd Quarter 2003 4th Quarter 2003 Full Year 2003 (Actual) (Actual) (Actual) (Forecasted) (Forecasted) Scheduled Service - Jets 2,638 3,139 3,212 3,135 12,124 (yr/yr) 22.4% 26.2% 19.2% 29.4% 24.2% Scheduled Service - Commuter 46 52 47 47 192 (yr/yr) 58.6% 52.9% 6.8% 2.2% 25.5% Military 402 398 356 333 1,489 (yr/yr) 87.9% 57.3% 41.3% 25.2% 51.2% Charter 285 195 141 118 739 (yr/yr) -55.0% -44.1% -42.9% -53.4% -50.1% Sub-service 0 1 1 0 2 (yr/yr) -100.0% -50.0% -50.0% NA -60.0% Total 3,371 3,785 3,757 3,633 14,546 (yr/yr) 11.2% 21.1% 16.0% 21.6% 17.5%
Fuel Outlook 1st Quarter 2002 2nd Quarter 2002 3rd Quarter 2002 4th Quarter 2002 Full Year 2002 (Actual) (Actual) (Actual) (Actual) (Actual) Price per Gallon $0.766 $0.894 $0.902 $0.950 $0.880 Gallons Consumed (000) 60,727 57,209 58,727 58,150 234,813 % Gallons Hedged 5% 24% 17% 0% 12% % Gallons Military1 14% 16% 16% 16% 15%
1st Quarter 2003 2nd Quarter 2003 3rd Quarter 2003 4th Quarter 2003 Full Year 2003 (Actual) (Actual) (Actual) (Forecasted) (Forecasted) Price per Gallon $1.088 $0.970 $0.964 $1.040 $1.015 Gallons Consumed (000) 69,020 70,206 67,649 68,331 275,206 % Gallons Hedged 0% 0% 0% 0% 0% % Gallons Military1 25% 22% 17% 18% 21%
ATAH Fleet Summary Year-End 2001 to Year-End 2003 Aircraft Type 12/31/01 Change 12/31/02 Change 12/31/03 (Actual) (Actual) (Actual) (Projected) (Projected) Boeing 737-800 14 16 30 2 32 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 -1 65 == == == == == 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) (Actual) (Actual) Non-Flight Capital Expenditures ($4) ($5) ($5) ($3) ($17) Aircraft Bridge Financing2 ($115) $115 NA NA NA Aircraft Maintenance and Parts ($26) ($8) ($9) $1 ($42) Total Capital Expenditures ($145) $102 ($14) ($2) ($59) Aircraft Deposit Inflows (Outflows)3 $11 $12 $2 $15 $40
1st Quarter 2003 2nd Quarter 2003 3rd Quarter 2003 4th Quarter 2003 Full Year 2003 (Actual) (Actual) (Actual) (Forecasted) (Forecasted) Non-Flight Capital Expenditures ($4) ($8) ($5) ($5) ($22) Aircraft Maintenance and Parts ($6) ($11) ($2) ($7) ($26) Total Capital Expenditures ($10) ($19) ($7) ($12) ($48) Aircraft Deposit Inflows (Outflows)3 $0 $4 $4 $0 $8
1 The Company's military contracts contain fuel escalation clauses that act as natural hedges by limiting exposure to increases in fuel price 2 Reflects purchase of two 757-300's that were financed with operating leases in Q2 3 Net of financing Note: Numbers may not sum due to rounding