Wednesday, July 22, 2009
AirTran Holdings Inc., parent of discount carrier AirTran Airways, posts a $78.4 million second-quarter profit, as revenue falls almost 13%.
The Orlando, Fla.-based company's profit for the April-June quarter reported Wednesday was equivalent to 56 cents a share, compared to a loss of $14.8 million, or 14 cents a share, a year earlier.
Revenue in the quarter fell to $603.7 million from $693.4 million a year earlier.
Excluding one-time items, profit would have been 34 cents a share in the latest quarter. Analysts surveyed by Thomson Reuters, who generally exclude one-time items from their estimates, expected a profit of 32 cents a share on revenue of $601.1 million.