AirTran Holdings descends on news of AT&T contract
Shares of AirTran Holdings, Inc. (NYSE: AAI) are losing altitude following news before the start of trading that the low fare airline has signed a two-year $4 million contract with telecommunications giant AT&T Inc. (NYSE: T). The deal extends a previous agreement that gives Orlando-based AirTran network and calling services covering all of its 45 locations nationwide.
At 3:46 p.m. ET, shares were down $0.24, or 4%, to $5.87. For detailed price information and recent news stories about AirTran Holdings, click AAI.
