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Southwest Airlines reports small 1Q2011 profit

26-Apr-2011 1:45 PM

Southwest Airlines reports the following financial highlights for the three months ended 31-Mar-2011

  • Revenue: USD3103 million, +18% year-on-year
    • Passenger: USD2939 million, +17.8%;
  • Operating costs: USD2989 million, +16%;
    • Fuel: USD1038 million, +26.4%;
  • Operating income: USD114 million, +111.1%;
  • EBIT: USD18 million, +5.9%;
  • Net profit: USD5 million, -54.5%.

Southwest Airlines: “Based on bookings and revenue trends thus far, the company expects another solid unit revenue improvement in 2Q2011 even with the continuation of difficult year-over-year comparisons,” Company statement. Source: Southwest Airlines, 21-Apr-2011.