Three airlines post losses, cite higher fuel costs

Discount carriers AirTran Holdings and JetBlue Airways reported first-quarter losses on Tuesday. United Airlines also reported a first-quarter loss earlier in the day, citing higher fuel costs for the results. United is launching a plan to cut domestic mainline capacity by 9% by the fourth quarter and plans to shed more than 1,000 jobs. Airline executives have also noted that due to current oil prices they would have to boost ticket prices by up to 15% to break even.

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