22-Apr-2009 4:50 PM
Southwest Airlines: 2009 shaping up to be an extremely challenging year
Analysis
Southwest reported a larger-than-expected quarterly loss of USD91 million in the first three months of 2009 (1Q09), a significant worsening from the USD34 million net profit reported in 1Q08, and the third consecutive quarter of net losses for the carrier, which had previously reported 17 years of net profitability.
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