Originally Posted by
Shrek
Southwest, as well as Alaska Airlines (ALK), reported better-than-expected profits Thursday — the only major U.S. airlines that made money in the second quarter. But in a conference call with securities analysts and reporters, Southwest CEO Gary Kelly acknowledged that Southwest may not earn its 71st-consecutive profit in the fourth quarter.
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Thanks Shrek. That's...ah...embarassing. LOL. Shouldn't post late at night....
I'm still not buying it though. It will be interesting to read what everyone says when Southwest does post a Q4 profit. Also, if SWA loses money what will become of all the other airlines? SWA has $6bn in cash and owns 82% of their aircraft. They will be the last ones standing so be careful when you wish their demise.
S.B.