I wouldn't read too much into what any analyst says. They've been wrong too many times in the past. Just because some of these analysts aren't connected to AirTran directly doesn't mean they're independent, either. If you read some of their quotes, they seem to parrott all of AirTran's talking points verbatim.

Outside of the airline industry, there were analysts back in the fall of 2001 pumping-up Enron, stating what a great investment it would be. A month later the company collapsed.