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AirTran posts loss but continues to grow
AirTran Airways became the first US low-cost carrier to spill red ink in the first quarter as it reported a net loss of $8 million for the three months to March 31.
In the year-ago period, the Orlando-based airline posted net income of $4.1 million. "The first quarter challenged us on many fronts as we grew revenues and capacity while contending with escalating fuel prices," Chairman and CEO Joe Leonard said. "Nevertheless, we were able to increase our load factor compared to the prior year."