Southwest Doubles Profits In Second Quarter | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

** Airborne 10.31.14 ** HD iPad-Friendly -- Airborne 10.31.14 **
** Airborne 10.29.14 ** HD iPad-Friendly -- Airborne 10.29.14 **
** Airborne 10.27.14 ** HD iPad-Friendly -- Airborne 10.27.14 **

Thu, Jul 20, 2006

Southwest Doubles Profits In Second Quarter

Hedging Pays... But For How Much Longer?

Executives at Dallas-based Southwest Airlines executives are seeing dollar signs, as the airline says its second-quarter profits more than doubled despite rising jet fuel costs.

Southwest says it second-quarter success is thanks in part to higher fares and aggressive fuel hedging. In fact... Southwest’s fuel hedging program reportedly generated a cash benefit of $225 million over the past three months.

That kind of hedging against fuel cost increases is credited with helping the airline maintain its low fares despite the constantly rising price of Jet-A.

But the party has to end sometime... even for Southwest. Some of its hedging contracts have expired, and as the airline faces higher fuel costs, it has been forced to bump airfares even higher.

Even with the higher prices, though, the Dallas-based carrier says its net profit for the three months ending June 30 rose to $333 million. That's compared to $144 million in the same period a year ago.

FMI: www.southwest.com

Advertisement

More News

Airborne 10.29.14: Antares Launch Failure, GAMA Responds, Another 'Roadable'???

Also: Dragon Returns, Quadcopter Flown At Airliner?, Classic Aero-TV: Redhawk, Diesel Flt School Airplanes, WWII Bomber Found The unmanned Antares rocket built by Orbital Science C>[...]

Classic Aero-TV: ‘Have it Your Way!’ – The SPA Panther

A New Single-Seat SportPlane Shows Great Potential For Serious Fun While at the Sport Aviation Expo 2014, ANN CEO and Editor-In-Chief, Jim Campbell stopped by to talk with Dan Wese>[...]

AD: Bombardier, Inc. Airplanes

AD NUMBER: 2014-21-07 PRODUCT: Certain Bombardier, Inc. Model CL-600-2C10 (Regional Jet Series 700, 701, & 702) airplanes, Model CL-600-2D24 (Regional Jet Series 900) airplanes>[...]

AD: Airbus Airplanes

AD NUMBER: 2014-21-10 PRODUCT: Certain Airbus Model A330-200 and -300 series airplanes, and Model A340-200 and -300 series airplanes.>[...]

ANN's Daily Aero-Linx (10.31.14)

Ex-MACs This group is made of retired McDonnell Engineers, most of whom began their careers at MAC either on the F101, F3H or F4H programs.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC