AirTran Airlines (AAI)

[Mattu]

This company was actually the first listed stock I bought.

I'm still intrigued by the whole concept of dirt cheap airfare and have believed that it is a model that has a certain place in America.

The company is still having a hard time recovering from the time it crashed in the Everglades, but there have been many many more crashes by other companies.

They've recently fired up NEW service in several towns, including mine (Tallahassee). Caught my attention amongst all the other ones folding up. Growth in an airline, eh?

AirTran Airways Announces It Will Not Apply for Federal Loan Guarantees

http://biz.yahoo.com/bw/020627/272013_1.html

That article kind of gets my mojo going. At $5/pop, I might buy a few shares.

Thoughts? I'm looking for a good 2-3 year hold play.

Haven't looked at financials. Only going on gut feeling on this one. Will take a look at balance sheet after I fill my gut with some steak and chicken tonight.

One more edit. Might be prudent to wait until after July 4th, though. All these FBI warnings about these flaming buttheaded terrorists kind of makes me shaky diving into anything this week.