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View Full Version : AirTran seeks to reassure investors it has cash



Matt Molnar
2008-04-11, 11:09 PM
AirTran stock fell 34.6% on Friday following news that Frontier Airlines had filed for bankruptcy protection. AirTran management later sought to reassure investors that they have plenty of cash on hand, $358 million, and expect to improve their liquidity in the second quarter. Frontier was down 69.4% to $0.48.