SInGAPORE_AIR
Posts: 11619
Joined: Mon Nov 13, 2000 4:06 am

Southwest Airlines Q1 Profit Of US$24 Mil +14.3%

Tue Apr 22, 2003 12:00 am

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.
 
ba319-131
Posts: 8120
Joined: Sat Jan 13, 2001 1:27 pm

RE: Southwest Airlines Q1 Profit Of US$24 Mil +14.3%

Tue Apr 22, 2003 12:03 am

Well at least WN are still making money,show what a good game plan they have ben running all these years.
111,732,3,4,5,7,8,BBJ,741,742,743,744,752,762,763,764,772,77L,773,77W,L15,D10,30,40,AB3,AB6,A312.313,319,320,321,332,333
 
DIA
Posts: 3053
Joined: Sun Jan 28, 2001 2:24 pm

RE: Southwest Airlines Q1 Profit Of US$24 Mil +14.3%

Tue Apr 22, 2003 12:10 am

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?

DIA
Ding! You are now free to keep supporting Frontier.
 
Tom in NO
Posts: 6725
Joined: Thu Nov 11, 1999 10:10 am

RE: Southwest Airlines Q1 Profit Of US$24 Mil +14.3%

Tue Apr 22, 2003 12:59 am

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
 
ual777contrail
Posts: 2914
Joined: Sun Feb 17, 2002 11:33 am

RE: Southwest Airlines Q1 Profit Of US$24 Mil +14.3%

Tue Apr 22, 2003 1:12 am

Wonder how easy it is to fudge the books?

ual 777 contrail
 
artsyman
Posts: 4516
Joined: Wed Feb 28, 2001 12:35 pm

RE: Southwest Airlines Q1 Profit Of US$24 Mil +14.3%

Tue Apr 22, 2003 2:06 am

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

Jeremy.. (couldn't resist)
 
desertjets
Posts: 7563
Joined: Fri Feb 18, 2000 3:12 pm

RE: Southwest Airlines Q1 Profit Of US$24 Mil +14.3%

Tue Apr 22, 2003 2:11 am

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
 
B747-437B
Posts: 8777
Joined: Thu May 30, 2002 6:54 am

RE: Southwest Airlines Q1 Profit Of US$24 Mil +14.3%

Tue Apr 22, 2003 2:25 am

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.
"The A340-300 may boast a long range, but the A340 is underpowered" -- Robert Milton, CEO - Air Canada

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