22-Jul-2010 3:04 PM
AirTran posts record revenues; Allegiants sees 30th quarter of profitability in 2Q2010
Analysis
Shares in AirTran Airways slipped 3.1%, as the carrier posted an 84% reduction in net profit to USD12.4 million net profit in the three months ended Jun-2010 (2Q2010). The result was despite all-time record quarterly revenue (of USD701 million, a 16% year-on-year increase) and a 13% increase in passenger unit revenues.
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