Airtran 2001 Annual Report Download - page 41

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Report
of
Independent
Auditors
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,
2001 and 2000, 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,
2001. 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 atest 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 areasonable 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,
2001 and 2000, and the consolidated results of its operations and its cash flows for each
of
the three years
in
the period ended
December
31,
2001,
in
conformity with accounting principles generally accepted in the United States.
As discussed
in
Note 2
to
the financial statements, in 2001, the Company changed its method
of
accounting for derivative financial instruments.
Atlanta, Georgia
January
28,
2002
except for Note
16
as
to
which the date
is
March
21,
2002