And there will be another round of flight cuts to deal with this.
Plus there was this cheery statement
"News of the planned job cuts comes after AirTran told employees Wednesday that it is seeking to cut its overall employee pay by about 10 percent, and it warned that it may need to cut wages further in the future.
AirTran executives said cost-saving efforts the carrier has already implemented — reducing capacity by 15 percent, cutting costs, raising $150 million in cash by selling stock, capping a portion of the company's fuel exposure with hedges, and raising ticket prices and fees — have not been enough to deal with the impact of oil prices that have doubled in the last year."