ATLANTA AP - AirTran Holdings Inc., parent of discount carrier AirTran Airways, said Wednesday its fourth-quarter loss widened to $118.4 million, as it took a hit from bad bets on fuel hedges. It also posted a loss for 2008, its first annual loss since 1999.The company's fourth-quarter adjusted loss missed Wall Street expectations, but its revenue came in slightly above expectations.
January 28, 2009 at 12:00 AM
1 minute read
ATLANTA AP – AirTran Holdings Inc., parent of discount carrier AirTran Airways, said Wednesday its fourth-quarter loss widened to $118.4 million, as it took a hit from bad bets on fuel hedges. It also posted a loss for 2008, its first annual loss since 1999.
The company’s fourth-quarter adjusted loss missed Wall Street expectations, but its revenue came in slightly above expectations.
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