Airtran 1999 Annual Report Download - page 47

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The Stockholders and Board of Directors
AirTran Holdings, Inc.
We have audited the accompanying consolidated balance sheets of AirTran Holdings,
Inc. as of December 31, 1999, and 1998, and the related consolidated statements
of operations, stockholders’ equity (deficit), and cash flows for each of the three
years in the period ended December 31, 1999. These financial statements are the
responsibility of the Company’s management. Our responsibility is to express an
opinion on these financial statements based on our audits.
We conducted our audits in accordance with auditing standards generally accepted
in the United States. Those standards require that we plan and perform the audit
to obtain reasonable assurance about whether the financial statements are free
of material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements. An audit also
includes assessing the accounting principles used and significant estimates made
by management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all
material respects, the consolidated financial position of AirTran Holdings, Inc. at
December 31, 1999, and 1998, and the consolidated results of its operations and
its cash flows for each of the three years in the period ended December 31, 1999,
in conformity with accounting principles generally accepted in the United States.
Atlanta, Georgia
January 25, 2000
Report of Independent Auditors