AirTran Holdings, Inc., Reports First Quarter Results
Network Diversification and Improving Economy Drive Record Revenues and Traffic -Total Revenues Rise to $605.1 Million and Load Factor Increases to 77.2 Percent
AirTran Holdings, Inc., (NYSE: AAI), the parent company of AirTran Airways, Inc., today reported a net loss of $12.0 million or $0.09 per diluted share for the first quarter of 2010. Excluding $4.7 million in unrealized gains on future fuel hedges, the Company's net loss for the quarter would have been $16.7 million dollars or $0.12 per diluted share. The impact of historic winter snowstorms along the Eastern Seaboard and more than a 50 percent increase in fuel expenses offset record total revenues for the first quarter.
