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Don't Make Me Mention Radio Companies Again
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Here's another earnings report that SHOULD be sending off warning signals but isn't: AirTran, of all companies, showed a third quarter profit after losing money last year. An airline showing a profit? In THIS economy? Yeah, well, here's the thing: Revenues fell a LOT, but they cut costs, so there was a profit. That's a lot of cost-cutting. How much more in expenses can they cut? They can't cut their way to a profit forever. And when they run out, watch out.
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