Midwest Air Group can attempt to fend off AirTran Airways' hostile takeover bid from a position of perceived strength following last week's announcement that it returned to the black, posting a 2006 net profit of $5.4 million after losing $64.9 million in 2005. "The board believes that Midwest and its shareholders are poised to realize the benefits of Midwest's long-term strategic plan, and that today's earnings announcement indicates that those efforts are driving growth for the company," ...

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