AirTran swings to smaller loss despite fuel jump, winter storms

AirTran Airways swung to a narrower-than-expected loss in the first quarter, hit with fuel prices 50% higher than a year ago. The carrier also noted that winter storms in February also affected results. The discount carrier reported an adjusted loss of 12 cents a share, compared to a 21-cent profit in the year-ago period. However, revenue was up nearly 12%, and the company reported $534 million in cash on hand at the end of the quarter.

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