beech1900kid
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NEW YORK, April 22 (Reuters) - AirTran Holdings (AAI.N: Quote, Profile, Research), parent of low-cost carrier AirTran Airways, posted a quarterly net loss on Tuesday as it grappled with soaring fuel prices.
The company said it lost 34.8 million, or 38 cents per share in the first quarter, compared with a profit of $2.2 million, or 2 cents per share a year earlier.
Analysts, on average, had been expecting it to post a loss of 30 cents a share, according to Reuters Estimates.
The loss in the period was due to the effect of record high fuel prices, the company said in a statement. It recorded fuel costs of $268 million in the quarter, up $102 million from the year-earlier period.
Revenue rose 18.3 percent to $596.4 million in the quarter. (Reporting by Aarthi Sivaraman, editing by Will Waterman)
The company said it lost 34.8 million, or 38 cents per share in the first quarter, compared with a profit of $2.2 million, or 2 cents per share a year earlier.
Analysts, on average, had been expecting it to post a loss of 30 cents a share, according to Reuters Estimates.
The loss in the period was due to the effect of record high fuel prices, the company said in a statement. It recorded fuel costs of $268 million in the quarter, up $102 million from the year-earlier period.
Revenue rose 18.3 percent to $596.4 million in the quarter. (Reporting by Aarthi Sivaraman, editing by Will Waterman)
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