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AirTran Airways reports first annual loss since 1999

AirTran Airways reported its first full-year loss since 1999 of USD273.9 million, due to the challenging combination of high fuel prices in the first three quarters of 2008 and weaker demand since the Summer peak. The net loss included non-operating losses of USD150.8 million related to changes in fair value on the company’s fuel hedge contracts. The carrier reported a USD52.7 million net profit reported in 2007.

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