Alaska Airlines was the best first-quarter performer among US majors. Photo: Alaska Airlines 737-700. The US's eight largest airline companies (counting United Airlines and Continental Airlines as one and Southwest Airlines and AirTran Airways separately) incurred a collective 2011 first-quarter net loss of $1.01 billion, ATW calculated. The deficit was slightly widened from a net loss of $985.7 million in the 2010 March quarter as rising fuel costs offset strong revenue ...

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