Airtran 2010 Annual Report Download - page 100

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The fair value of our debt was estimated using quoted market prices where available. For long-term debt not actively
traded, the fair value was estimated using a discounted cash flow analysis based on our current borrowing rates for
instruments with similar terms. The fair values of our other financial instruments and borrowings under our revolving line
of credit facility approximate their respective carrying values. Given the current volatility in the credit markets, there is an
atypical element of uncertainty associated with valuing debt securities, including our debt securities. The estimated
December 31, 2010 fair values of certain debt amounts were likely impacted by the proposed acquisition of AirTran by
Southwest.
Changes in our fuel derivatives that are measured at fair value on a recurring basis using significant unobservable inputs
(Level 3) are summarized as follows (in thousands):
Fair Value
Measurements
Using Significant
Unobservable
Inputs
(Level 3)
Fuel-related derivative asset (liability):
Asset (liability) at January 1, 2008 $ 13,035
Total realized and unrealized gains (losses):
Included in earnings (135,205)
Included in other comprehensive income (11,374)
Purchases, issuances, and settlements 68,040
Asset (liability) at December 31, 2008 (65,504)
Total realized and unrealized gains (losses):
Included in earnings 22,208
Included in other comprehensive income 7,686
Purchases, issuances, and settlements 84,937
Asset (liability) at December 31, 2009 49,327
Total realized and unrealized gains (losses):
Included in earnings 8,412
Included in other comprehensive income •
Purchases, issuances, and settlements (9,557)
Asset (liability) at December 31, 2010 $ 48,182
The amount of total gains (losses) for the year ended December 31, 2010, included
in earnings attributable to the change in unrealized gains (losses) relating to assets
and liabilities still held at December 31, 2010 $ 29,498
The amount of total gains (losses) for the year ended December 31, 2009, included
in earnings attributable to the change in unrealized gains (losses) relating to assets
and liabilities still held at December 31, 2009 $ 26,047
The amount of total gains (losses) for the year ended December 31, 2008, included
in earnings attributable to the change in unrealized gains (losses) relating to assets
and liabilities still held at December 31, 2008 $ (12,885)
92