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Old 10-24-2019, 03:51 AM
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BarrySeal
Gets Weekends Off
 
Joined APC: Apr 2017
Position: Captain
Posts: 278
Default Southwest profits spike...

Only SWA, who flies only 737's and has numerous Max deliveries stalled, could still make money

https://wtop.com/business-finance/20...ax-groundings/

DALLAS (AP) — Southwest Airlines is muscling through the grounding of its Boeing 737 Max aircraft fleet, reporting a 7% jump in profits and record operating revenue.

Southwest had more Max jets than any airline when the plane was grounded in March after crashes involving other carriers in Indonesia and Ethiopia killed 346 people.

Strong travel demand and rising ticket prices helped offset its Boeing issues.

On Thursday, Southwest Airlines Co. reported third-quarter profit of $659 million, or $1.23 per share. That easily topped Wall Street expectations for $1.09, according to a survey by Zacks Investment Research.

Revenue of $5.64 billion was in line with expectations.
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