Southwest Airlines reports small 1Q2011 profit

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.