-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IR26UHHpUHCUZ/X08dskuneUDNrT8UDZG591vBEpXYNj9NdO4zpQEgPx209yOHgM oFf9hiKiKuoEq44jt/TTyQ== 0000898904-04-000023.txt : 20040506 0000898904-04-000023.hdr.sgml : 20040506 20040506170704 ACCESSION NUMBER: 0000898904-04-000023 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040506 ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20040506 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ATA HOLDINGS CORP CENTRAL INDEX KEY: 0000898904 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, NONSCHEDULED [4522] IRS NUMBER: 351617970 STATE OF INCORPORATION: IN FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-21642 FILM NUMBER: 04785880 BUSINESS ADDRESS: STREET 1: 7337 W WASHINGTON ST CITY: INDIANAPOLIS STATE: IN ZIP: 46231 BUSINESS PHONE: 3172474000 FORMER COMPANY: FORMER CONFORMED NAME: AMTRAN INC DATE OF NAME CHANGE: 19930318 8-K 1 atah8k0506042.txt ATAH 8-K 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: May 6, 2004 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 May 6, 2004. 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: May 6, 2004 Exhibit 99 May 6, 2004 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 May 6 ATA Holdings Corp. Investor Update. We hope that you find this to be a useful supplement to our first quarter 2004 earnings release, which will occur on Friday May 7. The operating statistics shown below reflect actual statistics through the first quarter 2004 and forecasted traffic and capacity statistics for the remainder of 2004, 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 May 6, 2004 Capacity (expressed in Available Seat Miles) (in millions)
- --------------------------------- ----------------- ---------------- ----------------- ---------------- ----------------- Business Unit 1st Quarter 2003 2nd Quarter 2003 3rd Quarter 2003 4th Quarter 2003 Full Year 2003 (Actual) (Actual) (Actual) (Actual) (Actual) - --------------------------------- ----------------- ---------------- ----------------- ---------------- ----------------- Scheduled Service - Jets 3,770 4,095 4,223 4,338 16,425 - --------------------------------- ----------------- ---------------- ----------------- ---------------- ----------------- (yr/yr) 26.7% 26.1% 18.5% 21.0% 22.8% - --------------------------------- ----------------- ---------------- ----------------- ---------------- ----------------- Scheduled Service - Commuter 77 78 77 79 310 - --------------------------------- ----------------- ---------------- ----------------- ---------------- ----------------- (yr/yr) 71.1% 62.5% 16.7% 1.3% 30.8% - --------------------------------- ----------------- ---------------- ----------------- ---------------- ----------------- Military 1,083 947 711 685 3,426 - --------------------------------- ----------------- ---------------- ----------------- ---------------- ----------------- (yr/yr) 119.2% 85.7% 28.1% 25.7% 62.8% - --------------------------------- ----------------- ---------------- ----------------- ---------------- ----------------- Charter 355 248 171 174 949 - --------------------------------- ----------------- ---------------- ----------------- ---------------- ----------------- (yr/yr) -55.1% -43.8% -43.9% -48.8% -49.4% - --------------------------------- ----------------- ---------------- ----------------- ---------------- ----------------- Sub-service 0 2 2 11 15 - --------------------------------- ----------------- ---------------- ----------------- ---------------- ----------------- (yr/yr) -100.0% -50.0% -60.0% 100.0% 36.4% - --------------------------------- ----------------- ---------------- ----------------- ---------------- ----------------- Total 5,285 5,370 5,184 5,287 21,126 - --------------------------------- ----------------- ---------------- ----------------- ---------------- ----------------- (yr/yr) 22.7% 26.4% 15.4% 16.2% 20.0% - --------------------------------- ----------------- ---------------- ----------------- ---------------- -----------------
- --------------------------------- ----------------- ---------------- ----------------- ---------------- ----------------- Business Unit 1st Quarter 2004 2nd Quarter 2004 3rd Quarter 2004 4th Quarter 2004 Full Year 2004 (Actual) (Forecasted) (Forecasted) (Forecasted) (Forecasted) - --------------------------------- ----------------- ---------------- ----------------- ---------------- ----------------- Scheduled Service - Jets 4,519 4,390 4,403 4,166 17,477 - --------------------------------- ----------------- ---------------- ----------------- ---------------- ----------------- (yr/yr) 19.9% 7.2% 4.3% -4.0% 6.4% - --------------------------------- ----------------- ---------------- ----------------- ---------------- ----------------- Scheduled Service - Commuter 78 78 76 76 308 - --------------------------------- ----------------- ---------------- ----------------- ---------------- ----------------- (yr/yr) 1.3% 0.0% -1.3% -3.8% -0.6% - --------------------------------- ----------------- ---------------- ----------------- ---------------- ----------------- Military 856 867 807 722 3,253 - --------------------------------- ----------------- ---------------- ----------------- ---------------- ----------------- (yr/yr) -21.0% -8.4% 13.5% 5.4% -5.0% - --------------------------------- ----------------- ---------------- ----------------- ---------------- ----------------- Charter 121 114 132 103 470 - --------------------------------- ----------------- ---------------- ----------------- ---------------- ----------------- (yr/yr) -65.9% -54.0% -22.8% -40.8% -50.5% - --------------------------------- ----------------- ---------------- ----------------- ---------------- ----------------- Sub-service 9 0 0 0 9 - --------------------------------- ----------------- ---------------- ----------------- ---------------- ----------------- (yr/yr) 100.0% -100.0% -100.0% -100.0% -40.0% - --------------------------------- ----------------- ---------------- ----------------- ---------------- ----------------- Total 5,583 5,449 5,418 5,066 21,516 - --------------------------------- ----------------- ---------------- ----------------- ---------------- ----------------- (yr/yr) 5.6% 1.5% 4.5% -4.2% 1.8% - --------------------------------- ----------------- ---------------- ----------------- ---------------- -----------------
Traffic (expressed in Revenue Passenger Miles) (in millions)
- --------------------------------- ----------------- ---------------- ----------------- ---------------- ---------------- Business Unit 1st Quarter 2003 2nd Quarter 2003 3rd Quarter 2003 4th Quarter 2003 Full Year 2003 (Actual) (Actual) (Actual) (Actual) (Actual) - --------------------------------- ----------------- ---------------- ----------------- ---------------- ---------------- Scheduled Service - Jets 2,638 3,139 3,212 2,898 11,888 - --------------------------------- ----------------- ---------------- ----------------- ---------------- ---------------- (yr/yr) 22.4% 26.2% 19.2% 19.7% 21.8% - --------------------------------- ----------------- ---------------- ----------------- ---------------- ---------------- Scheduled Service - Commuter 46 52 47 47 192 - --------------------------------- ----------------- ---------------- ----------------- ---------------- ---------------- (yr/yr) 58.6% 52.9% 6.8% 2.2% 25.5% - --------------------------------- ----------------- ---------------- ----------------- ---------------- ---------------- Military 402 398 356 367 1,523 - --------------------------------- ----------------- ---------------- ----------------- ---------------- ---------------- (yr/yr) 87.9% 57.3% 41.3% 38.0% 54.6% - --------------------------------- ----------------- ---------------- ----------------- ---------------- ---------------- Charter 285 195 141 127 747 - --------------------------------- ----------------- ---------------- ----------------- ---------------- ---------------- (yr/yr) -55.0% -44.1% -42.9% -49.8% -49.6% - --------------------------------- ----------------- ---------------- ----------------- ---------------- ---------------- Sub-service 0 1 1 7 9 - --------------------------------- ----------------- ---------------- ----------------- ---------------- ---------------- (yr/yr) -100.0% -50.0% -50.0% 100.0% 80.0% - --------------------------------- ----------------- ---------------- ----------------- ---------------- ---------------- Total 3,371 3,785 3,757 3,447 14,359 - --------------------------------- ----------------- ---------------- ----------------- ---------------- ---------------- (yr/yr) 11.2% 21.1% 16.0% 15.4% 15.9% - --------------------------------- ----------------- ---------------- ----------------- ---------------- ----------------
- --------------------------------- ----------------- ---------------- ----------------- ---------------- ---------------- Business Unit 1st Quarter 2004 2nd Quarter 2004 3rd Quarter 2004 4th Quarter 2004 Full Year 2004 (Actual) (Forecasted) (Forecasted) (Forecasted) (Forecasted) - --------------------------------- ----------------- ---------------- ----------------- ---------------- ---------------- Scheduled Service - Jets 3,033 3,495 3,414 3,050 12,993 - --------------------------------- ----------------- ---------------- ----------------- ---------------- ---------------- (yr/yr) 15.0% 11.3% 6.3% 5.2% 9.3% - --------------------------------- ----------------- ---------------- ----------------- ---------------- ---------------- Scheduled Service - Commuter 47 52 49 46 193 - --------------------------------- ----------------- ---------------- ----------------- ---------------- ---------------- (yr/yr) 2.2% 0.0% 4.3% -2.1% 0.5% - --------------------------------- ----------------- ---------------- ----------------- ---------------- ---------------- Military 402 370 351 337 1,460 - --------------------------------- ----------------- ---------------- ----------------- ---------------- ---------------- (yr/yr) 0.0% -7.0% -1.4% -8.2% -4.1% - --------------------------------- ----------------- ---------------- ----------------- ---------------- ---------------- Charter 84 72 79 58 292 - --------------------------------- ----------------- ---------------- ----------------- ---------------- ---------------- (yr/yr) -70.5% -63.1% -44.0% -54.3% -60.9% - --------------------------------- ----------------- ---------------- ----------------- ---------------- ---------------- Sub-service 5 0 0 0 5 - --------------------------------- ----------------- ---------------- ----------------- ---------------- ---------------- (yr/yr) 100.0% -100.0% -100.0% -100.0% -44.4% - --------------------------------- ----------------- ---------------- ----------------- ---------------- ---------------- Total 3,571 3,989 3,892 3,491 14,943 - --------------------------------- ----------------- ---------------- ----------------- ---------------- ---------------- (yr/yr) 5.9% 5.4% 3.6% 1.3% 4.1% - --------------------------------- ----------------- ---------------- ----------------- ---------------- ----------------
Fuel Outlook ------------------------------- ------------------ ----------------- ------------------ ----------------- ------------------ 1st Quarter 2003 2nd Quarter 2003 3rd Quarter 2003 4th Quarter 2003 Full Year 2003 (Actual) (Actual) (Actual) (Actual) (Actual) ------------------------------- ------------------ ----------------- ------------------ ----------------- ------------------ Price per Gallon $1.088 $0.970 $0.964 $0.979 $1.000 ------------------------------- ------------------ ----------------- ------------------ ----------------- ------------------ Gallons Consumed (000) 69,020 70,206 67,649 69,122 275,996 ------------------------------- ------------------ ----------------- ------------------ ----------------- ------------------ % Gallons Military1 25% 22% 17% 17% 20% ------------------------------- ------------------ ----------------- ------------------ ----------------- ------------------ ------------------------------- ------------------ ----------------- ------------------ ----------------- ------------------ 1st Quarter 2004 2nd Quarter 2004 3rd Quarter 2004 4th Quarter 2004 Full Year 2004 (Actual) (Forecasted) (Forecasted) (Forecasted) (Forecasted) ------------------------------- ------------------ ----------------- ------------------ ----------------- ------------------ Price per Gallon $1.125 $1.173 $1.148 $1.102 $1.138 ------------------------------- ------------------ ----------------- ------------------ ----------------- ------------------ Gallons Consumed (000) 73,115 71,642 72,305 69,121 286,183 ------------------------------- ------------------ ----------------- ------------------ ----------------- ------------------ % Gallons Military1 19% 19% 19% 17% 18% ------------------------------- ------------------ ----------------- ------------------ ----------------- ------------------
ATAH Fleet Summary Year-End 2002 to Year-End 2004 - ------------------------- ---------------- ------------- ---------------- ---------------- ---------------- Aircraft Type 12/31/02 Change 12/31/03 Change 12/31/04 (Actual) (Actual) (Actual) (Projected) (Projected) - ------------------------- ---------------- ------------- ---------------- ---------------- ---------------- Boeing 737-800 30 2 32 2 34 - ------------------------- ---------------- ------------- ---------------- ---------------- ---------------- Boeing 757-200 16 -1 15 1 16 - ------------------------- ---------------- ------------- ---------------- ---------------- ---------------- Boeing 757-300 10 2 12 0 12 - ------------------------- ---------------- ------------- ---------------- ---------------- ---------------- Lockheed L1011 10 -4 6 -1 5 - ------------------------- ---------------- ------------- ---------------- ---------------- ---------------- Total Jets 66 -1 65 2 67 - ------------------------- ---------------- ------------- ---------------- ---------------- ---------------- - ------------------------- ---------------- ------------- ---------------- ---------------- ---------------- Saabs 17 0 17 0 17 - ------------------------- ---------------- ------------- ---------------- ---------------- ----------------
Capital Expenditures and Aircraft Deposit Inflows (Outflows) (in millions) - ----------------------------------------- ----------------- ----------------- ---------------- ----------------- ---------------- 1st Quarter 2003 2nd Quarter 2003 3rd Quarter 2003 4th Quarter 2003 Full Year 2003 (Actual) (Actual) (Actual) (Actual) (Actual) - ----------------------------------------- ----------------- ----------------- ---------------- ----------------- ---------------- Non-Flight Capital Expenditures ($4) ($8) ($5) ($3) ($21) - ----------------------------------------- ----------------- ----------------- ---------------- ----------------- ---------------- Aircraft Maintenance and Parts ($6) ($11) ($2) ($3) ($22) - ----------------------------------------- ----------------- ----------------- ---------------- ----------------- ---------------- Total Capital Expenditures ($10) ($19) ($7) ($6) ($43) - ----------------------------------------- ----------------- ----------------- ---------------- ----------------- ---------------- - ----------------------------------------- ----------------- ----------------- ---------------- ----------------- ---------------- Aircraft Deposit Inflows (Outflows)2 $0 $4 $4 $0 $8 - ----------------------------------------- ----------------- ----------------- ---------------- ----------------- ----------------
- ----------------------------------------- ----------------- ----------------- ---------------- ----------------- ---------------- 1st Quarter 2004 2nd Quarter 2004 3rd Quarter 2004 4th Quarter 2004 Full Year 2004 (Actual) (Forecasted) (Forecasted) (Forecasted) (Forecasted) - ----------------------------------------- ----------------- ----------------- ---------------- ----------------- ---------------- Non-Flight Capital Expenditures ($2) ($4) ($6) ($4) ($16) - ----------------------------------------- ----------------- ----------------- ---------------- ----------------- ---------------- Aircraft Maintenance and Parts ($2) ($18) ($18) ($21) ($59) - ----------------------------------------- ----------------- ----------------- ---------------- ----------------- ---------------- Total Capital Expenditures ($4) ($22) ($24) ($25) ($75) - ----------------------------------------- ----------------- ----------------- ---------------- ----------------- ---------------- - ----------------------------------------- ----------------- ----------------- ---------------- ----------------- ---------------- Aircraft Deposit Inflows (Outflows) $0 $0 $0 $0 $0 - ----------------------------------------- ----------------- ----------------- ---------------- ----------------- ----------------
1 The Company's military contracts contain fuel escalation clauses that act as natural hedges by limiting exposure to increases in fuel price 2 Net of financing Note: Numbers may not sum due to rounding -----END PRIVACY-ENHANCED MESSAGE-----