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Fuel costs drag down AirTran earnings, but capacity expansion continues

Struggling to contend with fast-rising fuel costs, AirTran Airways posted a $4.6 million net loss for the first quarter but continued its expansion push by converting options into firm orders for 14 737-700s.

"We continue to be challenged by the high cost of fuel impacting our bottom line," said CFO Stan Gadek. Orlando-based AirTran has posted annual profits for seven consecutive years, but last year's net was only $1.7 million and its first-quarter fuel costs jumped 63% year-over-year to $129.3 million.


 

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As a subscriber to one of Aviation Week Network’s market briefings, your searches only provide you with access to articles from within that product.

To find out about obtaining additional data – including the most comprehensive details on organizations, fleets, personnel and programs – click here or call +1.561.279.4661.


 

As a subscriber to one of Aviation Week Network’s market briefings, your searches only provide you with access to articles from within that product.

To find out about obtaining additional data – including the most comprehensive details on organizations, fleets, personnel and programs – click here or call +1.561.279.4661.