8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT PURSUANT

TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported) October 3, 2005

ATA Holdings Corp.

(Exact Name of Registrant as Specified in Its Charter)

Indiana

(State or Other Jurisdictionof Incorporation)

 000-21642           35-1617970

(Commission File Number)(IRS Employer Identification No.)

7337 West Washington Street

 Indianapolis, Indiana46231

(Address of Principal Executive Offices)       (Zip Code)

(317) 282-4000 (Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01. Other Events.

On October 3, 2005, ATA Holdings Corp. (the “Company”) filed the monthly operating report for the period from August 1, 2005 through August 31, 2005 with the United States Bankruptcy Court for the Southern District of Indiana in connection with the voluntary petitions for reorganization of the Company and certain subsidiaries under Chapter 11 of Title 11 of the United States Bankruptcy Code (Case No. 04-19866 (jointly administered)).  A copy of the monthly operating report is provided hereunder as Exhibit 99.

Item 9.01 Financial Statements and Exhibits.

(c)   Exhibits

ExhibitDescription

99Monthly Operating Report of ATA Holdings Corp. for the period August 1, 2005 through August 31, 2005

Certain of the information contained in this report should be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect the Company’s current views with respect to certain current and future events and financial performance.  Such forward-looking statements are and will be, as the case may be, subject to many risks, uncertainties and factors relating to the Company’s operations and business environments which may cause the actual results of the Company to be materially different from any future results expressed or implied in such forward-looking statements.  Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the following: the ability of the Company to continue as a going concern; the ability of the Company to develop, prosecute, confirm and consummate one or more plans of reorganization with respect to the Chapter 11 case; risks associated with third parties seeking and obtaining bankruptcy court approval to terminate or shorten the exclusivity period for the Company to propose and confirm one or more plans of reorganization, for the appointment of a Chapter 11 trustee or to convert the case to a Chapter 7 case; the ability of the Company to obtain and maintain normal terms with vendors and service providers; the Company’s ability to maintain contracts that are critical to its operations; the potential adverse impact of the Chapter 11 case on the Company’s liquidity or results of operations; the ability of the Company to fund and execute its business plan and to attract, motivate and/or retain key executives and associates; the ability of the Company to attract and retain customers; demand for transportation in the markets in which the companies operate; economic conditions; the effects of any hostilities or act of war; labor costs; aviation fuel costs; competitive pressures on pricing (particularly from lower-cost competitors); weather conditions; government legislation and regulation; and other risks and uncertainties set forth from time to time in the Company’s reports to the United States Securities and Exchange Commission.

2

Similarly, these and other factors, including the terms of any reorganization plan ultimately confirmed, can affect the value of the Company’s various pre-petition liabilities, common stock and/or other equity securities.  No assurance can be given as to what values, if any, will be ascribed in the bankruptcy proceedings to each of these constituencies, and it is possible that the Company will be restructured in a manner that will substantially reduce or eliminate any remaining value.  Accordingly, the Company urges that the appropriate caution be exercised with respect to existing and future investments in any of these liabilities and/or securities.

3

SIGNATURES

Pursuant to the requirements 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.

Date: October 3, 2005By: /s/ Brian T. Hunt

Name: Brian T. Hunt

Title: Senior Vice President & General Counsel

4

EX-99

U.S Department of Justice
United States Trustee, Region 10
Central & Southern Districts of Illinois
Northern & Southern Districts of Indiana
101 West Ohio Street, Suite 1000
Indianapolis, Indiana 46204
317/226-6101 ~ Fax 317/226-6356
Office of the United States Trustee- Region 10
Indianapolis, Indiana
Monthly Report
For
Debtors-in-Possession and Chapter 11 Trustees
Each month all Chapter 11 debtors must file two copies of this report with the Bankruptcy Clerk. The report must be filed with the attached reports identified below, ready for distribution to the U.S. Trustee no later than the 15th day of month following the end of the calendar month covered by this report.
	For the month ended:	August 31, 2005
	Date Bankruptcy filed:	October 26, 2004

Debtor Names:	ATA Holdings Corp.	Case Numbers:	04-19866
	ATA Airlines, Inc.		04-19868
	Ambassadair Travel Club, Inc.		04-19869
	ATA Leisure Corp.		04-19870
	Amber Travel, Inc.		04-19871
	American Trans Air Execujet, Inc.		04-19872
	ATA Cargo, Inc.		04-19873
	Chicago Express Airlines, Inc.		04-19874

Previously Required Documents			ATTACHED	SUBMITTED
1.	Monthly Income Statement		X	X
	(P&L1)
2.	Monthly Cash Flow Report		X	X
	(CF1; 3 pages)
3.	Statement of Operations		X	X
	(Oprept)
4.	Other reports/documents as		X	X
	required by the U.S. Trustee
The undersigned certifies under penalty of perjury that the information contained in this and accompanying reports is complete, true and correct to the best of my knowledge, information, and belief.
	By:	/s/ Wisty B. Malone	Dated:	September 30, 2005
		(Name)
		Vice President and Controller / Treasurer	Debtor’s telephone number:	(317)-282-4000
		(Title)
	Reports prepared by:	Wisty B. Malone,	Vice President and Controller / Treasurer
		(Name)	(Title)

1

U.S Department of Justice

United States Trustee, Region 10

Central & Southern Districts of Illinois

Northern & Southern Districts of Indiana

101 West Ohio Street, Suite 1000

Indianapolis, Indiana 46204

317/226-6101 ~ Fax 317/226-6356

Office of the United States Trustee- Region 10

Indianapolis, Indiana

Statement of Operations

For the Month ended August 31, 2005

Debtor Names:	ATA Holdings Corp.	Case Numbers:	04-19866
	ATA Airlines, Inc.		04-19868
	Ambassadair Travel Club, Inc.		04-19869
	ATA Leisure Corp.		04-19870
	Amber Travel, Inc.		04-19871
	American Trans Air Execujet, Inc.		04-19872
	ATA Cargo, Inc.		04-19873
	Chicago Express Airlines, Inc.		04-19874

1. What efforts have been made toward the presentation of a plan to creditors?

* In August ATA prepared and distributed a Confidential Information Memorandum to solicit a capital investment that will help finance the Company's emergence from Bankruptcy. The Bankruptcy Court approved an extension of the Company's exclusivity period to file a plan of reorganization until September 30, 2005.

2. Has the Debtor in possession made any payments on the pre-petition unsecured debt since the filing of the bankruptcy?

________ NO

___X____ YES - If yes, then identify to whom the payment was made, the date paid, and the amount(s).

*Refer to Attachment A

3. Provide a brief narrative covering any significant events which occurred this past month.

* George Mikelsons retired from his positions as President and Chief Executive Officer effective August 31, 2005, but retained his position as non-executive Chairman of the Board. John Denison was appointed President and Chief Executive Officer effective August 31, 2005, and filled the Board position formerly held by Jim Hlavacek, who resigned effective August 15, 2005.

4. List the face value of accounts receivable as of the bankruptcy filing date, $154,188,000

List the face value of accounts receivable at filing date that are still outstanding as of 8/31/2005,   $3,020,728.

What amount of these receivables is considered uncollectible?  $1,959,335.

2

5. If assets have been sold this month on other than the ordinary course of business. Provide the following information:
a. assets(s) sold:	none
b. date of sale:
c. sales price:
d. net amount received:

6. List payments made to principals, executives, or insiders (this includes draws or cash withdrawals by individuals or partners, dividends, lease payments on property owned by insider, loans, gross salaries, etc.)
Payee Name	Position		Amount		Explanation
Allen J Moebius		Related to Officer	$	4,200		Salary
Eugene J Moebius		Related to Officer	$	4,200		Salary
Gordon D Moebius		Related to Officer	$	6,438		Salary
J George Mikelsons		Chairman, Chief Executive Officer & President	$	42,863		Salary
Muriel M Mikelsons		Related to Officer	$	3,265		Salary
James W Hlavacek		Vice Chairman	$	24,231		Salary
Gilbert F Viets		Assistant to the Chairman	$	22,638		Salary
John G Denison		Chief Executive Officer, ATA Airlines, Inc.	$	21,808		Salary
Subodh Karnick		Chief Commercial Officer and Senior Vice President	$	20,769		Salary
Claude Willis		Non-employee Director	$	30,500		Meeting Participation
Byron Johnson		Non-employee Director	$	23,500		Meeting Participation
Andrejs Stipnieks		Non-employee Director	$	18,500		Meeting Participation
Robert Able		Non-employee Director	$	26,500		Meeting Participation
BETACO			$	35,000		Rent

7. Schedule insurance coverage.
	Type of Policy	Expiration Date
	*Refer to Attachment B

Has any insurance coverage either been reduced or allowed to lapse during this month? If so, explain what changes have taken place. Refer to Attachment B.
If any insurance coverage will expire within 60 days from this report, explain what steps are being taken to renew existing policies or to acquire new insurance coverage. Provide the United States Trustee with a new certificate. *Refer to Attachment B.
8. Schedule of changes in personnel.	Full Time	Part Time
a. Total number of employees
at beginning of this period, 7/31/05	4,297		377
b. Number hired during period.	10		17
c. Number terminated or resigned.	(121)		(14)
d. Total number of employees on
payroll at the end of this period.	4,186		380

3

OFFICE OF THE US TRUSTEE-REGION 10
ATA HOLDINGS CORP. AND SUBSIDIARIES
MONTHLY CASH FLOW REPORT
for the month ended August 31, 2005
(Dollars in thousands)
	August 31,
	2005
	(Unaudited)
Operating activities:
Net income before reorganization expenses		1,248
Adjustments to reconcile net income before reorganization expenses
to net cash used in operating activities:
Depreciation and amortization		2,423
Other non-cash items		909
Changes in operating assets and liabilities:
Receivables		1,466
Inventories		1,607
Prepaid expenses		(7,755	)
Accounts payable		(635	)
Air traffic liabilities		(1,952	)
Liabilities subject to compromise		(3,313	)
Accrued expenses		1,053
Net cash (used in) operating activities		(4,949	)
Reorganization activities:
Reorganization items , net		(1,301	)
Prepaid expenses		11
Accrued Expenses		(553	)
Receivables		(69	)
Other non-cash items		(256	)
Net cash (used in) reorganization activities		(2,168	)
Investing activities:
Capital expenditures		(5,777	)
Noncurrent prepaid aircraft rent		9
Additions to other assets		(378	)
Proceeds from sales of property and equipment		243
Net cash (used in) investing activities		(5,903	)
Financing activities:
Increase in restricted cash		(520	)
Net cash (used in) by financing activities		(520	)
Decrease in cash and cash equivalents		(13,540	)
Cash and cash equivalents, beginning of period		95,252
Cash and cash equivalents, end of period		81,712
Cash Flow Summary
Cash at 7/31/2005		95,252
Receipts		108,747
Disbursements		(122,287	)
Cash at 8/31/2005		81,712
Note:  These consolidated financial statements are unaudited and preliminary and do not include footnote disclosures.  They include certain estimates that were based on information available at the time of filing, and are subject to change.   The financial statements will be included as a component of ATA Holdings Corp. and subsidiaries third quarter 2005 unaudited consolidated financial statements required to be filed with the Quarterly Report on Form 10Q with the Securities and Exchange Commission by November 14, 2005.

4

OFFICE OF THE US TRUSTEE-REGION 10
MONTHLY CASH FLOW REPORT
For the Month ended August 31, 2005
STATUS OF TAXES
	ADJUSTED			**AMOUNT
	BEGINNING			WITHHELD		AMOUNT			ENDING
	*TAX LIABILITY			OR \ACCRUED		PAID			TAX LIABILITY
FEDERAL
withholding	$	0		$	1,861,468	$	(1,861,468	)	$	0
FICA-employee and employer		1,486,934			2,433,109		(2,291,456	)		1,628,588
unemployment		(991	)		5,687		(2,862	)		1,834
income		-			-		-			-
1 excise tax on transportation		7,717,757			4,920,630		(6,367,433	)		6,270,953
2 passenger facility charges		1,842,412			1,714,549		(1,852,805	)		1,704,155
3 US passenger security fee		1,462,179			1,323,955		(1,472,155	)		1,313,979
3 customs and immigration Fees		177,384			182,664		(2,513	)		357,535
3 APHIS fees		84,991			88,346		(3,080	)		170,258
APHIS by aircraft		9,310			10,570		-			19,880
a. subtotal	$	12,779,976		$	12,540,978	$	(13,853,772	)	$	11,467,182
STATE & LOCAL
withholding	$	(4,124	)	$	513,080	$	(513,080	)	$	(4,124	)
sales/use tax		355,845			35,964		(327,845	)		63,964
unemployment		37,474			17,477		(24,761	)		30,190
income		-			-		-			-
other real property		691,450			68,294		(32,558	)		727,186
personal property		3,085,883			325,331		(1,503,516	)		1,907,698
b. subtotal	$	4,166,528		$	960,146	$	(2,401,761	)	$	2,724,913
FOREIGN
c. subtotal	$	2,315,182		$	645,568	$	(577,404	)	$	2,383,347
TOTAL TAXES PAID-from a., b.& c. above						$	(16,832,937	)
Explain the reason for any past due post-petition taxes:  Certain post-petition taxes that are the reponsibility of Chicago Express Airlines, Inc. are past due.  All of the assets of Chicago Express Airlines, Inc. have been sold.  The amount available to pay administrative claims, including these taxes, has not yet been finally determined.
1 Excise taxes are collected from the passenger and held in a separate segregated corporate account entitled
"IRS Trust Tax Funds."
2 Passenger facility charges are collected from the passenger and held in a separate segregated corporate account
entitled "PFC Trust Funds Account."
3 US Passenger security fees, USDA APHIS fee (Animal & Plant Health Inspection Service), US Customs - Air passenger
user fee, and Immigration & Naturalization Service - Inspection fee are collected from the passenger and
are held in a separate segregated corporate account entitled "US Government Trust Funds."
*The beginning tax liability represents liabilities which the Company has received authorization and intends to pay
as well as liabilities incurred post-petition.
**Includes adjustments.

5

OFFICE OF THE U.S. TRUSTEE- REGION 10

ATA HOLDINGS CORP. AND SUBSIDIARIES

AGING SCHEDULES FOR PAYABLES

for the month ended August 31, 2005

	Current ( 0-30 days )		31-60 days		61-90 days		91 & over		Total
Accounts Payable1
Post-Petition only	$	2,049,328	$	562,056	$	40,145	$	1,279,384	$	3,930,913

Post Petition Bank	Bank Name	Account Number	Beginning Balance	Ending Balance
* Refer to Attachment C

Cash Disbursements by Company
Company Name	Disbursement Amount
ATA Holdings Corp.	$	-
ATA Airlines, Inc.		120,645,224
Ambassadair Travel Club, Inc.		1,281,813
ATA Leisure Corp.		-
Amber Travel, Inc.		3,531
American Trans Air Execujet, Inc.		61,002
ATA Cargo, Inc.		165,214
Chicago Express Airlines, Inc.		130,696
Total	$	122,287,479
1 Accounts Payable balances are aged based on invoice date, not due date, and represent all post-petition invoices in the Accounts Payable System.

6

OFFICE OF THE US TRUSTEE-REGION 10
ATA HOLDINGS CORP. AND SUBSIDIARIES
MONTHLY INCOME STATEMENT
for the month ended August 31, 2005
(Dollars in thousands, except per share data)
	August 31,			2005
	2005			Year to Date
	(Unaudited)			(Unaudited)
Operating revenues:
Scheduled service	$	62,561		$	462,501
Charter		37,027			286,957
Ground package		643			10,866
Other		2,696			25,773
Total operating revenues		102,927			786,097
Operating expenses:
Fuel and oil		30,620			220,619
Salaries, wages and benefits		23,118			207,211
Aircraft rentals		11,538			106,859
Handling, landing and navigation fees		6,716			66,058
Aircraft maintenance, materials and repairs		2,917			31,011
Crew and other employee travel		4,135			31,016
Depreciation and amortization		2,423			25,592
Passenger service		4,066			26,463
Other selling expenses		2,909			21,227
Commissions		2,324			18,584
Facilities and other rentals		996			15,175
Insurance		1,072			10,034
Ground package cost		470			9,021
Advertising		618			7,633
Aircraft impairments and retirements		-			403
Other		7,346			40,315
Total operating expenses		101,268			837,221
Operating income (loss)		1,659			(51,124	)
Other income (expense):
Interest income		232			1,538
Interest expense		(542	)		(4,244	)
Reorganization expenses		(1,301	)		(360,290	)
Other		(101	)		(448	)
Other expense		(1,712	)		(363,444	)
Income (loss) before income taxes		(53	)		(414,568	)
Income taxes		-			-
Net income (loss)		(53	)		(414,568	)
Preferred stock dividends		-			-
Income (loss) available to common shareholders	$	(53	)	$	(414,568	)
Average shares outstanding		11,824,287			11,824,287
Net loss per share	$	(0.00	)	$	(35.06	)
Diluted earnings per common share:
Average shares outstanding		11,824,287			11,824,287
Net loss per share	$	(0.00	)	$	(35.06	)
Note: These consolidated financial statements are unaudited and preliminary and do not include footnote disclosures. They include certain estimates that were based on information available at the time of filing, and are subject to change. The financial statements will be included as a component of ATA Holdings Corp. and subsidiaries third quarter 2005 unaudited consolidated financial statements required to be filed with the Quarterly Report on Form 10Q with the Securities and Exchange Commission by November 14, 2005.

7

OFFICE OF THE US TRUSTEE-REGION 10

ATA HOLDINGS CORP. AND SUBSIDIARIES

MONTHLY BALANCE SHEET

for the month ended August 31, 2005

(Dollars in thousands)

 

	August 31, 2005
ASSETS	(Unaudited)
Current assets:
Cash and cash equivalents	$	81,712
Receivables, net of allowance for doubtful accounts
(2005 - $3,791; 2004 - $2,608)		129,278
Inventories, net		37,765
Assets Held for Sale		2,000
Prepaid expenses and other current assets		40,444
Total current assets		291,199
Property and equipment:
Flight equipment		178,533
Facilities and ground equipment		142,416
		320,949
Accumulated depreciation		(174,763	)
		146,186
Restricted cash		30,820
Goodwill		6,987
Prepaid aircraft rent		162
Investment in BATA		5,347
Deposits and other assets		25,855
Total assets	$	506,556
LIABILITIES AND SHAREHOLDERS' DEFICIT
Current liabilities:
Short Term Debt	$	41,000
Accounts payable		3,931
Air traffic liabilities		85,006
Accrued expenses		137,545
Total current liabilities		267,482
Deferred items		31,881
Liabilities subject to compromise		1,512,317
Commitments and contingencies
Convertible redeemable preferred stock - subject to compromise; authorized and issued 300 shares		30,000
Shareholders' deficit:
Preferred stock; authorized 9,999,200 shares; none issued		-
Common stock, without par value; authorized 30,000,000 shares;
issued 13,535,727 - 2005 and 2004		66,013
Treasury stock; 1,711,440 shares - 2005 and 2004		(24,778	)
Additional paid-in capital		18,166
Accumulated deficit		(1,394,525	)
Total shareholders' deficit		(1,335,124	)
Total liabilities and shareholders' deficit	$	506,556
Note: These consolidated financial statements are unaudited and preliminary and do not include footnote disclosures. They include certain estimates that were based on information available at the time of filing, and are subject to change. The financial statements will be included as a component of ATA Holdings Corp. and subsidiaries third quarter 2005 unaudited consolidated financial statements required to be filed with the Quarterly Report on Form 10Q with the Securities and Exchange Commission by November 14, 2005.

8

ATA Holdings Corp.
Cash Payments to Bankruptcy Professionals
Payments made in August 2005
	Amount		Cleared Date
Akin , Gump, Strauss, Hauer & Feld LLP	$	170,642		8/24/05
Baker & Daniels		372,160		8/19/05
BMC		227,750		8/23/05
Compass Advisors LLP		104,979		8/8/05
Huron Consulting		162,778		8/29/05
Lazard Freres & Co.		205,904		8/31/05
Navigant Capital Advisors		180,000		8/12/05
Ponader & Associates		6,768		8/23/05
Sommer Barnard Ackerman		237,360		8/23/05
Greenbaum Doll & McDonald		40,630		8/24/05
Total	$	1,708,971

9

Attachment A: Summary of Pre-Petition Payments made during August 2005
Paid In Accordance With:	Amount
Clearinghouse / Interline Agreements Motion	$	-
Specific Court Approval		-
Customer Programs Motion or Employee Obligations Motion		3,154
Insurance Motion		215,385
Not Asset of Estate or Tax Motion		32,481
Airport Fees Motion		-
Total Pre-Petition Payments	$	251,019

10

Attachment B:  Schedule of Insurance Coverage
Insurer	Expiration Date	Purpose
Zurich American Insurance Co.	February 15, 2006	Liability for bodily injury and property damage resulting form Travel Agency/Tour Operations
National Union Fire Insurance Co. of Pittsburgh, PA	March 31, 2006	Directors and Officers liability (primary layer)
Great American	March 31, 2006	Directors and Officers liability (excess layer)
Federal Insurance Company (Chubb)	March 31, 2006	Directors and Officers liability (second excess layer)
St. Paul	March 31, 2006	Directors and Officers liability (third excess layer)
XL Specialty Insurance Company	March 31, 2006	Directors and Officers liability (fourth excess layer)
Ing Seguros Commercial America	October 1, 2005	Mexican General Liability *Renewal Underway
Ing Seguros Comercial America	October 1, 2005	Mexican Auto Policy *Renewal Complete - Effective 10/1/05
Ing Seguros Comercial America	October 1, 2005	Mexican Auto Policy *Renewal Complete - Effective 10/1/05
Hartford Fire Insurance Company	August 15, 2006	Domestic Automobile Liability and Physical Damage Coverage
Federal Insurance Company (Chubb)	May 23, 2006	Executive Protection Policies
XL Insurance (Bermuda)	July 7, 2006	Employment Practices Liability
Affiliated FM	August 15, 2006	Property Coverage
ING Commercial America, S.A.	October 1, 2005	Property Coverage (Mexico) *Renewal Complete - Effective 10/1/05
Chubb Custom	August 19, 2012	Pollution Legal Liability
American International Aviation Agency, Inc. – 15% / XL Aerospace – 10% / Le Reunion Aerienne – 11% / AXA (AGL) – 5% /  Amlin (AGL) – 6%  /  Axis (AGL) – 7.5% / St. Paul (AGL) – 2.5%  / Markel (AGL) – 1.5%  / Swiss Re (AGL) – 4%  / Frankona (AGL) – 15% / Global Aerospace, Inc. - 17.5% / Allianz - 5%	October 1, 2005	Aviation Hull & Liability *Renewal Complete - Effective 10/1/05
Federal Aviation Administration	December 31, 2005	Aviation Hull War Risks & War Third Party Liability
Illinois National Insurance Company	October 1, 2005	Premises, Products & Hangarkeepers *Renewal Complete - Effective 10/1/05
Illinois National Insurance Company	October 1, 2005	Aircraft Hull and Liability *Renewal Complete - Effective 10/1/05
Ing Seguros Comercial America	October 1, 2005	Public Liability Aircraft Policy *Renewal Complete - Effective 10/1/05
AIG	December 14, 2005	Workers’ Comp
The Insurance Company of the State of Pennsylvania	December 14, 2005	Casualty Program (Defense Base Act)
American Int’l Insurance Co.	December 15, 2005	Puerto Rico Auto

11

Attachment C: Post Petition Bank Accounts
Bank Name	Bank Account #		Account Description		Legal Entity		Beginning Balance			Ending Balance
National City Bank		584979615		Ambassadair Fiduciary - ARC debits/credits		Ambassadair	$	860		$	860
National City Bank		198378		Ambassadair credit card receipts, deposits		Ambassadair		192,646			123,320
National City Bank		698307393		Outstation SBN		ATA Airlines		-			-
Caribbean Mercantile Bank N.V.		23296308		Outstation AUA		ATA Airlines		15,328			15,690
SouthTrust Bank		30000006		Outstation - FLL		ATA Airlines		(30	)		-
Bank of America		1233185823 / 1233000909 / 1233000904 / 1000006268 / 1233401176 / 1235203716		Outstation SEA, SFO, MCO, LAX, SJC, DFW		ATA Airlines		411,670			136,621
US Bank		873792676		Outstation MSP, CID		ATA Airlines		47,164			19,620
Banco-Popular		107-01620-6		Outstation SJU		ATA Airlines		162,028			46,022
National City Bank		202206		IND CTO, TBM, Corporate Travel, GRP, AGY		ATA Airlines		25,310			(54,553	)
National City Bank		109312		ATA Airlines Inc - Main Disbursement - wires		ATA Airlines		761,697			327,445
				Foreign Coin				5,828			5,828
Lloyds Bank		763409		Checking - Foreign Payroll		ATA Airlines		18,335			18,335
Bank One		02389-93		Outstation GRR, FNT		ATA Airlines		1,000			1,000
Bank One		5690439		Outstation MDW, ORD, CHI, TBM		ATA Airlines		587,613			199,199
Wachovia		14739239		Outstation SRQ		ATA Airlines		(45	)		(45	)
Fleet		52743764		Outstation BOS		ATA Airlines		30,158			13,575
Wells Fargo Bank Nevada		0832-884571		Outstation LAS		ATA Airlines		21,836			14,421
National City Bank		203195		ATA Airlines Inc - Tax Fiduciary		ATA Airlines		-			-
Lloyd's Bank		170424		LGW Petty Cash		ATA Airlines		614			614
Bank of Hawaii		18023997		Outstation HNL, OGG		ATA Airlines		308,524			219,671
Citibank		3813-7141		Outstation LGA		ATA Airlines		152,352			58,907
Dresdner		5402815		D mark checking		ATA Airlines		136,133			209,961
Bank One		700016621867		Payroll (mainly manual checks)		ATA Airlines		183,884			195,246
BBVA-Bancomer, S.A.		442559773		Mexican Checking		ATA Airlines		(395,010	)		(350,935	)
Wells Fargo		0822-605440		Outstation PHX		ATA Airlines		22,474			8,203
Wachovia		3764120		Outstation PHL		ATA Airlines		-			-
Royal Bank of Canada		100-535-4		Outstation NAS		ATA Airlines		1,261			1,261
National City Bank		196590		ATA Airlines Inc - Captain Checks		ATA Airlines		262,054			283,796

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Attachment C: Post Petition Bank Accounts - Cont.
Bank Name	Bank Account #		Account Description		Legal Entity		Beginning Balance			Ending Balance
National City Bank		7730034514		ATA Airlines Holdings Corp - Per Diem		ATA Holdings Corp	$	(2,247	)	$	(2,539	)
Wachovia		13904573		Outstation MIA		ATA Airlines		(15	)		-
M&I (Marshall & Ilsley)		24083345		Outstation MKE, MSN		ATA Airlines		-			-
Key Bank		5001290152		Outstation DAY		ATA Airlines		(22	)		(11	)
First American		6583021096		Outstation DSM		ATA Airlines		(14	)		-
Citizens National						ATA Airlines		3,858			3,858
JP MorganChase		910 2 772812		Travel Agency ACH		ATA Airlines		165,210			165,210
US Bank		103655382945		Outstation DEN		ATA Airlines		62,733			18,215
Citibank		40798686		Health Claims - CIGNA		ATA Airlines		-			-
National City Bank		884034141		Outstation SPI		ATA Airlines		-			-
Wachovia		14739271		Outstation PIE, RSW		ATA Airlines		18,652			6,063
Wachovia		13890849		Outstation EWR, DCA, CLT		ATA Airlines		74,079			25,959
Lloyd TSB USD		11257374				ATA Airlines		26,484			26,484
Wachovia		11052757		Disability Claims		ATA Airlines		(15,696	)		7,025
BBVA-Bancomer, S.A.		132595923		Outstation GDL - USD		ATA Airlines		60,545			82,101
BBVA-Bancomer, S.A.		132595842		Outstation GDL - MXP		ATA Airlines		23,366			40,348
BBVA-Bancomer, S.A.		132595907		Outstation CUN - MXP		ATA Airlines		16,480			17,750
BBVA-Bancomer, S.A.		132595982		Outstation CUN - USD		ATA Airlines		14,046			16,481
National City Bank		884153730		Outstation MLI		ATA Airlines		-			-
National City Bank		657391691		Outstation TOL		ATA Airlines		-			-
National City Bank		754213387		Outstation - LEX		ATA Airlines		537,718			537,718
JP MorganChase		475017986		Healthcare Claims - United Healthcare		ATA Airlines		16,020			48,709
BBVA-Bancomer, S.A.		137308310		Outstation PVR - USD		ATA Airlines		4,846			4,846
BBVA-Bancomer, S.A.		137303262		Outstation PVR - MXP		ATA Airlines		1,614			1,631
JP MorganChase		475018737		Flexible Spending Account		ATA Airlines		81,636			104,963
National City Bank		658807273		Outstation PIT		ATA Airlines		-			-
National City Bank		981092693		ATA Airlines Inc - Payroll		ATA Airlines		68,723			66,422
Trancentrix		N/A		Foreign Payments				62,675			90,064
National City Bank		981094058		Outstation FWA		ATA Airlines		-			-
National City Bank		135597 & 7000000419		Main Disbursement - checks		ATA Holdings Corp.		(4,361,394	)		(5,159,840	)
National City		202031		Deposits and Credit Card receipts		Amber Tours		-			-
National City Bank		203551		ATA Airlines Inc - Amber Travel Fiduciary (ARC)		Amber Travel		4,782			1,100
National City Bank				ATA Airlines Inc - Amber Travel Fiduciary (ARC)		Amber Travel		-			-

13

Attachment C: Post Petition Bank Accounts - Cont.
Bank Name	Bank Account #		Account Description		Legal Entity		Beginning Balance			Ending Balance
National City Bank		203564		Deposits and Credit Card receipts		Amber Travel	$	-		$	-
Fifth/Third		1415486		ATA Airlines Cargo		ATA Cargo Inc		22,105			10,265
National City		204149		Deposits and Credit Card Receipts		American Trans Air Execujet, Inc.		(5,679	)		(5,679	)
Regions		205133		Operating/Disbursement Account		Chicago Express		100,544			105,777
Bank One		4273893		Depository - Any money received		Chicago Express		1,000,153			1,439,920
Regions		205133		Investment Sweep		Chicago Express		-			-
National City Bank		758014652		Petty cash - South Bend		Chicago Express		424			407
National City/US Bank/Morgan Stanley/Union Planters		0622608/4200778346		Investment Account		ATA Airlines		78,630,115			69,755,568
Bank One				Money Market - Officer's Salaries		ATA Holdings		654,637			571,893
				Money Market Fund		Washington Assurance		196,673			196,673
Other								(1,745	)		(1,546	)
SPECIAL PURPOSE ACCOUNTS
First Indiana Bank		10101410		IRS Tax Trust		ATA Airlines		7,233,409			6,310,240
First Indiana Bank		10101423		PFC Trust		ATA Airlines		3,915,324			3,731,421
First Indiana Bank		10101436		U.S. Gov't Trust		ATA Airlines		3,643,155			1,955,821

	Bank Account Total:	$	95,206,874	$	81,667,375
	Petty Cash Total:		45,487		45,387
	Total Funds:	$	95,252,361		81,712,762
*Bank account balances reflect general ledger balances. Negative balances are a result of recording expense when checks are written.

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