AirTran Holdings rises after reporting improved liquidity
AirTran Holdings, Inc. (NYSE:AAI) shares are soaring more than 34% after the airline operator said after Friday’s close that its liquidity has improved to $358 million in investment and cash holdings, compared with $326 million a year earlier. The Orlando, Fla.-based firm said it anticipates liquidity further improving during the second quarter of 2008.
In Monday morning trading, AAI shares are up 31.23%, or $1.29, at $5.42. For detailed price information and recent news stories about AirTran Holdings, click AAI.
