Av8trxx From United States of America, joined Nov 2001, 657 posts, RR: 6
Reply 1, posted (11 years 4 months 18 hours ago) and read 3340 times:
A big route & fleet expansion came with the aquisition of Morris and the integration of them during and after 1992, but unfortunately the Annual Reports only go back to 1994. Details for expansion for that year are here http://www.swacargo.com/investor_relations/swaar94.pdf and lists 199 aircraft. From '91 (when Midawy Airlines went under) to the end of '94 I counted delivery of 43 a/c, so I figure SWA fleet size would be about 156 in 1991.
It's almost as if the company doubles in size every five years. In fact "Shareholders saw their Southwest holdings increase 10-fold from 1980 to 1985. After 1990, Southwest doubled again." (from Beating the Street by Peter Lynch, Simon & Schuster 1994)