AirTran, Flight Attendants in Pact

The discount carrier says the deal would go into effect June 1.
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AirTran

(AAI)

and negotiators for its flight attendants' union have shaken hands on a new three-and-a-half-year contract.

Both sides declined to provide terms of the tentative agreement, which now goes to the airline's 1,300 flight attendants for ratification. Voting will take about 30 days, and if approved, the contract will go into effect on June 1.

AirTran is a discount carrier based in Orlando, Fla. On Tuesday, it reported a first-quarter loss of $8 million, or 9 cents a share, as high fuel costs bit into its bottom line.

AirTran was down a penny at $8.02 Friday.