Table 3: Quarterly Domestic Operating profit/loss margin (in percent),,,,,,, Low-Cost Carriers ,,,,,,, Ranked by 1st Quarter 2004 Margin ,,,,,,, (Operating Profit/Loss as Percent of Total Operating Revenue),,,,,,, 1Q 2004 Rank,Low Cost Carriers,1st Quarter 2003 (%),2nd Quarter 2003 (%),3rd Quarter 2003 (%),4th Quarter 2003 (%),1st Quarter 2004 (%),1st Quarter Operating Profit/Loss$(Millions) 1,JetBlue,15.9,18.7,19.7,13.4,11.3,32.7 2,AirTran,3.3,13.1,11.1,8.7,4.3,10.3 3,Southwest,3.4,9.3,11.9,7.3,3.1,46.4 4,America West,-9.4,2.4,8.0,1.0,2.0,11.1 5,Spirit,1.0,6.8,1.7,-2.9,1.9,2.6 6,Frontier,-13.6,4.3,13.5,7.7,-4.0,-6.8 7,ATA,-3.5,5.6,7.9,-6.5,-14.8,-38.6 ,Group Total,0.7,8.4,11.2,5.3,1.8,57.7 Source: Form 41; Schedule P1.2,,,,,,,