Excerpt from Gary Kelly's Employee Newsline today:

Back to the earnings. You will note some headlines in the media that say that we have a net loss. That is because, for SEC purposes, we are required to mark our fuel hedge portfolio to market, and of course there are wild swings in energy prices. We and Wall Street don’t take that into account in the way that we manage our business because those hedges are out there for future years. And fuel prices are going to fluctuate all over the place before those hedges ultimately close. So I’m not worried about that, I would just urge you all to focus on the performance excluding those items as we always do.

Stock is up 5% right now in today's trading....