Monday, Jun 18, 2018
One of America's Great Newspapers ~ Toledo, Ohio


AirTran posts quarterly loss, sees profit ahead

CHICAGO - AirTran Holdings, Inc. , parent of low-cost carrier AirTran Airways, yesterday reported a $3 million first-quarter net loss, joining major carriers in reporting losses as fares remain cheap and traffic light following the Sept. 11 airline hijack attacks.

However, AirTran had a profitable March, expects to turn a profit in the second quarter and, if its business plan holds, will turn a profit in the third and fourth quarters, Chief Executive Joe Leonard said in an interview.

"We believe we will be profitable in the second quarter, which will put us in a pretty small club," Mr. Leonard said.

Points of Interest
Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2018 Toledo Blade

To Top

Fetching stories…