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AirTran retreats from rapid growth strategy

11 October 2006

AirTran Airways, whose aggressive expansion in 2005 and early 2006 bucked an industry trend toward capacity cuts, is scaling back its growth strategy because of uncertain market conditions.Although the low-cost carrier, a unit of AirTran Holdings, remains one of the fastest growing U.S. airlines, factors such as volatility in jet fuel prices have caused it to trim its 2007 growth outlook, according to a senior company executive.

source: Reuters

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