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Southwest Airlines Q1 Profit Of US$24 Mil +14.3%  
User currently offlineSingapore_Air From United Kingdom, joined Nov 2000, 13756 posts, RR: 18
Posted (13 years 2 weeks 3 days ago) and read 5231 times:

Southwest Airlines has reported a net profit for Q1FY2003 of US$24 000 000, a rise of 14.3% from the quarter last year. Earnings per share were flat at US$0.03.

"Barring any unforeseen event," the airline would make a Q2 profit too said CEO James Parker."It will be difficult to match last year's second quarter profit of $102m," he added though last year;s profit included a US$36 000 000 tax gain.

Passenger revenue yield rose to US$0.1169 but load factor declined to 62.6%, a drop of 0.3%.

Average costs rose to US$0.075 (up 2.6%) but were flat when fuel costs were not taken into account. 100% fuel hedging took place in the quarter and will take place in the quarter to come.

More information at the Financial Times website

Information was gathered from the above hyperlinked webpage. Full information can be viewed by clicking the above hyperlinked webpage. Information was rephrased and not copied and pasted with the exception of quotes.

Anyone can fly, only the best Soar.
7 replies: All unread, jump to last
User currently offlineBa319-131 From United Kingdom, joined Jan 2001, 8743 posts, RR: 53
Reply 1, posted (13 years 2 weeks 3 days ago) and read 5228 times:
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Well at least WN are still making money,show what a good game plan they have ben running all these years.

User currently offlineDIA From United States of America, joined Jan 2001, 3273 posts, RR: 24
Reply 2, posted (13 years 2 weeks 2 days 23 hours ago) and read 5218 times:

Odd, or not odd (depending on your view), how after all these years, that SWA is more now than ever, the "staple example" of a successful airline blueprint. I don't think anybody saw this coming in the last few decades. SWA had always been a sort of joke with most people. Well, they still might not be the airline of choice of flying executives, but they have certainly found their (growing)market.

Maybe Jetblue is the executives' SWA?


Ding! You are now free to keep supporting Frontier.
User currently offlineTom in NO From United States of America, joined Nov 1999, 7194 posts, RR: 31
Reply 3, posted (13 years 2 weeks 2 days 23 hours ago) and read 5186 times:

Time and time again, Southwest proves that they are the class of the field.

In these days of downsizing carriers, in terms of personnel, routes, fleet mix, etc, it is refreshing to know that there is one carrier that knows how to do it right, and has been doing it right for over 30 years. Perhaps one or more of the recent successful startups will make it over the long haul, but, for my money, Southwest has proven over and over again that they are CLEARLY the class of the field.

Tom in NO (at MSY)

"The criminal ineptitude makes you furious"-Bruce Springsteen, after seeing firsthand the damage from Hurricane Katrina
User currently offlineUal777contrail From , joined Dec 1969, posts, RR:
Reply 4, posted (13 years 2 weeks 2 days 22 hours ago) and read 5175 times:

Wonder how easy it is to fudge the books?

ual 777 contrail

User currently offlineArtsyman From United States of America, joined Feb 2001, 4748 posts, RR: 32
Reply 5, posted (13 years 2 weeks 2 days 21 hours ago) and read 5150 times:

Wonder how easy it is to fudge the books?
I imagine not any easier than doing it at UAL

Jeremy.. (couldn't resist)

User currently offlineDesertJets From United States of America, joined Feb 2000, 7897 posts, RR: 14
Reply 6, posted (13 years 2 weeks 2 days 21 hours ago) and read 5141 times:

Corporations that fudge their books don't last for very long. (Enron, WorldCom, Andersen...).

Eventually the SEC, or shareholders, will catch on.

Stop drop and roll will not save you in hell. --- seen on a church marque in rural Virginia
User currently offlineB747-437B From , joined Dec 1969, posts, RR:
Reply 7, posted (13 years 2 weeks 2 days 21 hours ago) and read 5137 times:

Southwest does an exceptional job of serving their chosen markets as close to perfectly as you can get. I have absolutely no doubt that they are NOT fudging the books and don't have need to. The airline knows its limitations and capabilities very intimately and strives to operate entirely within those limitations.

Their business model is obviously not one that can be adopted by any of the network carriers, but their business philosophy of controlled growth is one that should be studied by ANY business. Congrats to Southwest for again showing the world that airlines do not have to be a losing business.

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