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.

I like it. Another step in the right direction. More planes guys

Replacement aircraft only....no growth

some companies just know how to do it right. Where are all the "hedges are running out" people now? SWA dominates this industry whether you like them or not.

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....

RNP training plus no growth. We are only getting older.

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

Congratulations. Just remember, nobody likes a sore winner.

HUD cripple.

"We're not Worthy....We're not Worthy!!!!!"