Just like you never want to hear a doctor say "oops" in the operating room, you never want to see a going-concern statement in a financial report about a company you own. Accountants throw these in when they've been over the books, talked to customers, and checked the horoscopes and have concluded there is "substantial doubt" about a company's ability to remain in business. In short, don't blame the accountants if the company files for bankruptcy protection.

You¿d reckon that a going-concern statement would be enough to send investors running to the exits, but it's not. True, many large institutions automatically bail when an existing company gets slapped with one of these, but many individuals (often wrongly) take a chance they know more than the bean counters.

During the tech boom of the late 1990s, many companies actually went public even though they had been hit with going-concern statements. Many of those companies subsequently disappeared. Enough said.

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Thursday, August 07, 2008

AirTran Airways Launches Service Today Between Richmond International Airport and New York's LaGuardia Airport

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ORLANDO, Fla., Aug 07, 2008 /PRNewswire-FirstCall via COMTEX/ ----AirTran Airways, a subsidiary of AirTran Holdings, Inc. (NYSE: AAI), today began service between Richmond International Airport and LaGuardia Airport in New York. The airline has added two new daily nonstop flights between the two cities, which are operated with AirTran Airways' fuel-efficient Boeing 717 aircraft.

"The addition of these flights and a third destination out of Richmond International Airport are evidence of AirTran Airways' continued commitment to Richmond travelers," said Kevin Healy, senior vice president of marketing and planning for AirTran Airways. "Our expansion to the New York area adds our unique blend of low fare, high-quality service between key business and leisure markets."

"Richmond International Airport welcomes AirTran Airways' launch of twice-daily service between Richmond and New York LaGuardia," said Beverley W. "Booty" Armstrong, chairman of the Capital Region Airport Commission. "The new access to LaGuardia complements AirTran's popular flights from RIC to Atlanta and Orlando, and provides travelers from Virginia's Capital Region an attractive mix of award-winning service, affordable fares, and full-sized aircraft to a top business destination."

AirTran Airways offers the following nonstop flights between Richmond International Airport and LaGuardia Airport effective today:

 Nonstop Service Between
   Richmond and New York (LaGuardia) From To Flight Departs Arrives Frequency Richmond New York 250 1:10 p.m. 2:30 p.m. Daily
   (LaGuardia) Richmond New York 796 6:59 p.m. 8:19 p.m. Daily (LaGuardia) New York Richmond 249 10:05 a.m. 11:30 a.m. Daily
   (LaGuardia) New York Richmond 245 4:16 p.m. 5:41 p.m. Daily (LaGuardia)

The schedule will change this fall to offer more convenient flight times for business travelers. AirTran Airways will offer the following flights effective September 4:

 Nonstop Service Between Richmond and New York (LaGuardia) From To Flight Departs Arrives Frequency Richmond New
   York 790 8:05 a.m. 9:25 a.m. Daily (LaGuardia) Richmond New York 796 6:52 p.m. 8:12 p.m. M,T,W,Th, (LaGuardia) Fri,Sun New
   York Richmond 249 10:05 a.m. 11:30 a.m. Daily (LaGuardia) New York Richmond 797 4:52 p.m. 6:17 p.m. M,T,W,Th, (LaGuardia)
   Fri,Sun

AirTran Airways, a subsidiary of AirTran Holdings, Inc., a Fortune 1000 company, ranked number one in the 2008 Airline Quality Rating study. The airline offers more than 700 affordable, daily flights to 57 U.S. destinations, employs 8,900 friendly Crew Members and operates America's youngest all-Boeing fleet. AirTran Airways also provides XM Satellite Radio and Business Class seating on every flight. For more information and free online booking, visit http://www.airtran.com.

   Media Contacts: AirTran Airways Tad Hutcheson Judy Graham-Weaver Cynthia Tinsley-Douglas 678.254.7442

SOURCE AirTran Airways

http://www.airtran.com

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