AirTran posts $13.5 million loss for second quarter

AirTran Holdings Inc. posted a second-quarter net loss of $13.5 million this year, compared to last year's net income of $42.1 million for the same period. The discount carrier's fuel-hedging program offset some of the higher costs of fuel, but not enough to garner a profit. Earlier this month, AirTran announced it would elminate 480 pilot and flight attendant jobs in September.

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