AirTran Airways Reports $36 Million Profit CheapOair Staff October 22, 2010 general AirTran reports strong third quarter profit AirTran Airways reported a $36.3 million third quarter profit Friday, which kept in line with many other airlines' positive financial reports this week. AirTran saw quite an increase when compared year-over-year as they reported a profit on $10.4 million in 2009 for the same time period. However, most of the third quarter profit (roughly $15.3 million) came from fuel hedges. Operating revenues were up 11.8 percent to $668 million and operating expenses were up 9.1 percent to $611.3 million. Orlando based AirTran Airways just announced in September that it would be acquired by Dallas-based Southwest Airlines. Pending approval, the deal is expected to close by early 2011. Until that time AirTran will continue to operate separately from Southwest.