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AirTran posts $15.5 million 2006 profit despite fourth-quarter loss
AirTran Airways parent AirTran Holdings posted 2006 net income of $15.5 million, nearly double the $8.1 million it earned in 2005, despite a fourth-quarter net loss of $3.3 million, reversed from a $369,000 profit in the year-ago quarter.
"The year 2006 was very challenging with our average fuel prices again rising over 20% for the third year in a row," Chairman and CEO Joe Leonard said. Speaking of the fourth-quarter loss, President and COO Bob Fornaro added, "While we were profitable in November and December, these profits were insufficient to offset our losses in October."