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AirTran Airways Earns $36 Million in Third Quarter

AirTran Airways earns $36 million in third quarter of 2010

 

 

 

 

 

AirTran Airways earned a whopping $36.3 million in their third quarter according to a press release by the Orlando based airline Friday.

Last year during the same time period AirTran made $10.4 million.  Much of the profit came due to AirTran’s wise decision to lock in a low fuel price thanks to fuel hedging.

Operating revenues were $668
million, up 11.8 percent, while operating expenses were $611.3 million, up 9.1 percent.

AirTran Airways just announced last month that it would be acquired by Dallas-based Southwest Airlines. The deal is expected to be complete by the first quarter of 2011, pending approval. Until that time AirTran will continue to operate separately from Southwest.

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