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.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.