AirTran Airways parent AirTran Holdings said 16% higher fuel costs led to a lower quarterly profit. Net income for the Orlando, Florida, parent of AirTran Airways was $1.9 million, or 1 cent a share, for Q4, compared with $17.1 million or 11 cents a share a year earlier. Quarterly revenue rose 8% to $645.5 million. Overall operating expenses were up about 13%, as fuel costs rose and marketing and advertising expenses increased 43%. 2010 net income was $38.5million down 71.4% from 2009 which posted $134.7 million. Annual traffic increased 5.3% to 19.58 billion RPMs on a 3.3% lift in capacity

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In