AirTran Holdings Earnings: Profit Streak Broken this Quarter
AirTran Holdings, Inc.’s (NASDAQ:AAI) first quarter loss narrowed, beating estimates. AirTran Holdings, Inc. is a low cost scheduled airline in the United States in terms of departures and seats offered. It operates scheduled airline service throughout the United States and to selected international locations.
AirTran Holdings Earnings Cheat Sheet for the First Quarter
Results: Loss narrowed to $8.8 million (loss of 6 cents/diluted share) from $12 million (loss of 9 cents/share) in the same quarter a year earlier.
Revenue: Rose 10.2% to $667 million YoY.
Actual vs. Wall St. Expectations: AAI beat the mean analyst estimate of a loss of 16 cents/share. Estimates ranged from a loss of 3 cents per share to a loss of 28 cents per share.
AAI’s loss in the latest quarter follows profits in the previous three quarters. The company reported a profit of $1.9 million in the fourth quarter of the last fiscal year, a profit of $36.3 million in the third quarter of the last fiscal year and $12.4 million in the second of the last fiscal year.
Competitors to Watch: Delta Air Lines, Inc. (NYSE:DAL), AMR Corporation (NYSE:AMR), Southwest Airlines Co. (NYSE:LUV), United Continental (NYSE:UAL), JetBlue (NASDAQ:JBLU), US Airways (NYSE:LCC), and Alaska Air (NYSE:ALK).
Today’s Performance: Shares of AAI are down 0.40% in after hours trading.