Southwest 2nd Quarter
#1
Southwest 2nd Quarter
SWA Reports Second Quarter 2010 Earnings
Southwest today reported second quarter 2010 net income, excluding special items, of $216 million, or $.29 per diluted share, compared to $59 million, or $.08 per diluted share, for second quarter 2009. Including special items, net income for second quarter 2010 was $112 million, or $.15 per diluted share, compared to net income of $91 million, or $.12 per diluted share, for second quarter 2009. Both years’ results included special items related to non-cash, mark-to-market, and other items associated with a portion of the Company’s fuel hedge portfolio.
Southwest today reported second quarter 2010 net income, excluding special items, of $216 million, or $.29 per diluted share, compared to $59 million, or $.08 per diluted share, for second quarter 2009. Including special items, net income for second quarter 2010 was $112 million, or $.15 per diluted share, compared to net income of $91 million, or $.12 per diluted share, for second quarter 2009. Both years’ results included special items related to non-cash, mark-to-market, and other items associated with a portion of the Company’s fuel hedge portfolio.
#5
Gets Weekends Off
Joined APC: Jul 2009
Position: Boeing
Posts: 102
casm creep
Southwest's cost of carrying each passenger one mile, a closely watched measurement in the industry, jumped 6.4 percent not counting fuel. That's a much bigger increase than overall inflation, but Southwest said it held costs down by reducing advertising and getting a rebate on excess security fees it has paid to the Transportation Security Administration since 2005.
The airline said it expects a similar increase in costs in the third quarter.
Unless you guys keep raising fares....costs will have to come down some other way....
The airline said it expects a similar increase in costs in the third quarter.
Unless you guys keep raising fares....costs will have to come down some other way....
#6
Southwest's cost of carrying each passenger one mile, a closely watched measurement in the industry, jumped 6.4 percent not counting fuel. That's a much bigger increase than overall inflation, but Southwest said it held costs down by reducing advertising and getting a rebate on excess security fees it has paid to the Transportation Security Administration since 2005.
The airline said it expects a similar increase in costs in the third quarter.
Unless you guys keep raising fares....costs will have to come down some other way....
The airline said it expects a similar increase in costs in the third quarter.
Unless you guys keep raising fares....costs will have to come down some other way....
#7
Gets Weekends Off
Joined APC: Apr 2006
Position: 737 CA
Posts: 2,750
Lighten up Herk. Southwest had a good quarter. Thats great. In case you didn't notice, here are some other earnings...all net excluding spec. items...
UAL $430M on 5.2B revenue
DAL $549M on 7.0B revenue
SWA $216M on 3.2B revenue
LCC $265M on 3.2B revenue
CAL $257M on 3.7B revenue
UAL $430M on 5.2B revenue
DAL $549M on 7.0B revenue
SWA $216M on 3.2B revenue
LCC $265M on 3.2B revenue
CAL $257M on 3.7B revenue
Last edited by jsled; 07-29-2010 at 02:13 PM.
#8
Gets Weekends Off
Joined APC: Jun 2007
Position: A318/319 pic
Posts: 123
#10
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