AirTran Airways parent AirTran Holdings said "very strong" first-quarter revenues were not enough to overcome "the effects of record high fuel costs" as the company sank to a $34.8 million net loss that compared to a $2.2 million profit in the first three months of 2007. "We remain committed to serving our customers, reducing costs and profitably managing our company going forward," President and CEO Bob Fornaro said. To that end, AirTran will reduce its planned capacity growth for the final ...

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