23-Apr-2010 3:39 PM
Southwest profitable in 1Q2010, sees improving revenue performance; Virgin America loss in 2009
Analysis
Southwest Airlines' shares slipped 1.0% yesterday coinciding with the release of the carrier's 1Q2010 financial results, in which the carrier reported a net profit of USD11 million in the quarter, a turnaround from a net loss of USD91 million in the previously corresponding period. The carrier was also profitable at the operating level, with a USD54 million operating profit, compared to a USD50 million loss in 1Q2009.
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