Southwest to buy AirTran; JetBlue shares to rise with profits

Shares in AirTran soared 61.3% to close at and Southwest shares gained 8.7% following the announcement of Southwest’s USD1.4 billion acquisition of AirTran Airways. Southwest shares set a new 52-day intra-day trading high yesterday, with AirTran stock also setting a new 52-week high.

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