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Southwest focusing on improving revenues and cutting costs in 2Q2010, but economic concerns persist

16-Jun-2010

Southwest Chief Financial Officer Laura Wright, speaking at the Bank of America Merrill Lynch Global Transportation conference in New York yesterday, reported the company was looking at improving revenue and costs for the second quarter, reflecting a generally bullish feeling about the economy. However, even as she reported results that are vastly improved from last year, she cautioned that the economic challenges are many, including high unemployment. [734 words]

Unlock the following content in this report:

Subheadings:

  • Record load factors for every month this year
  • Higher aircraft utilisation ahead as fleet stays flat
  • Revenue development in focus

Graphs and data:

  • Southwest vs Legacy and LCC CASM, excluding fuel and special items: 1999 to 2009
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