AirTran Airlines (AAI)

[frenchee]

After Friday's closing bell, AirTran Airways, a subsidiary of AirTran Holdings Inc., said its balance sheet is "ample" to fund operations, in light of the company's stock volatility. Shares of AirTran, which closed down 34.6% at $4.13, rebounded 29.3% to $5.34 in after-hours activity. AirTran said it has $358 million in cash and investments on its balance sheet. "AirTran Airways is one of the strongest low-cost carriers operating today," said Bob Fornaro, AirTran president and chief executive, in a statement. AirTran made the statement following a recent string of low-cost airlines that have folded because of high fuel prices.