Southwest, AirTran given single operating certificate; issues profit warning

摘要

FAA has granted Southwest Airlines (SWA) and AirTran Airways a single operating certificate, formally combining the world's largest low-cost carrier (LCC) with the third largest LCC in North America. Dallas-based SWA acquired Orlando-based AirTran last year in a deal valued at around $1 billion in aggregate (below the $1.4 bil lion originally estimated), or approximately $7.57 per share of AirTran common stock.