AirTran posts record revenues; Allegiants sees 30th quarter of profitability in 2Q2010
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.
