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Airlines Feel Pinch Of Falling Business Traffic

Stock quotes in this article: AAI , ALK , LCC , LUV  

JOSHUA FREED

MINNEAPOLIS (AP) — First-quarter airline results are in and it's nearly all red ink with JetBlue and AirTran the notable exceptions.

The results suggested that airlines with a lot of business and international traffic struggled the most.

JetBlue reported a $12 million profit on Thursday, well ahead of analyst expectations, as its fuel bill fell by 31 percent from a year ago. On Wednesday AirTran Holdings Inc. said it made $28.7 million for the quarter despite a revenue drop. ...

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