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

Most Recent Daily Airborne

Airborne On ANN

Airborne On YouTube/Hi-Def/Mac Friendly

Monday

Airborne 01.19.15

Airborne 01.19.15

Tuesday

Airborne 01.20.15

Airborne 01.20.15

Wednesday

Airborne 01.21.15

Airborne 01.21.15

Thursday

Airborne 01.22.15

Airborne 01.22.15

Friday

Airborne 01.23.15

Airborne 01.23.15

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 01.23.15: Google/SpaceX Bucks, Pet Aero-Rescue, Return of the P-3?

Also: Disruptive Innovation, V22 Ospreys, USAF Lets Bluebook Loose, Dawn and Ceres, FAASTeam Virtual Safety Stand Down As SpaceX’s Elon Musk pushes ahead on his development o>[...]

ANN FAQ: Getting The Word Out

Things To Know When You Send A News Release Aero-News gets hundreds of releases every week, ranging from industry giants like Boeing and Cessna to the smallest of flying clubs and >[...]

USAF Releases UFO Project Blueboook

Nearly 130,000 Pages Of Documents Posted On The Internet The storied USAF Project Blue Book has been published online ... including nearly 130,000 pages of declassified UFO records>[...]

Aero-News: Quote Of The Day (01.25.15)

"That's going to be the initial focus over the next year. Certainly in the next year-and-a-half or so, we will be far enough along in continuing (tactics development) to develop a >[...]

ANN's Daily Aero-Linx (01.25.15)

Aero Linx: A-4 Skyhawk Association An affiliation of individuals who have flown, maintained, (or who simply love) the "A-4 Skyhawk"; and who are dedicated to the perpetuation of th>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC