ATA Airlines, Inc. v. Federal Express Corp.

Record failed to contain sufficient evidence to support jury's $65,998,411 award in action alleging that defendant failed to abide by contract calling for defendant to divide equally between plaintiff and another aircraft carrier military flight business when defendant diverted certain flight assignments to different aircraft carrier. Record showed that purported contract lacked required details concerning standard price terms and/or formula for calculating price so as to render said contract enforceable. Ct. further found that plaintiff could not obtain alterative recovery under promissory estoppel theory, even though plaintiff alleged that it spent $28 million in additional aircraft in reliance on instant promise to award plaintiff future flight assignments, where record showed that plaintiff's reliance was unreasonable due to fact that several key components of contract had been unresolved at time of plaintiff's expenditure.