AirTran Airways' deep second quarter losses spur further capacity cuts
AirTran Holdings, the parent company of AirTran Airways, reported a net loss of USD13.5 million in the three months ended 30-Jun-08 (2Q08), compared to a net profit of USD42.1 million in the previously corresponding period, resulting in a -6.6% operating margin, a 19.3 ppt year-on-year reduction. The quarter's loss was largely attributable to the effects of record high fuel costs, with fuel costs increasing by more than USD166 million in the quarter.
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