Loading

Southwest reports quarterly net loss in 4Q08, on weak US economy and hedging losses

Southwest reported (22-Jan-09) a quarterly loss of USD56 million in the three months ended 31-Dec-08 (4Q08), after reporting its first quarterly net loss in 17 years in 3Q08. Southwest’s 4Q08 loss was in large part due to one-off expenses of USD117 million for adjusting the market value of its fuel-hedging portfolio. Excluding the special items, the LCC reported a 4Q08 net profit of USD61 million, the carrier’s 71st consecutive quarter of profitability, excluding special items.

Become a CAPA Member to access Analysis Reports

This CAPA Premium Analysis Report is 2,007 words.
Become a CAPA Member

Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.

Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.

CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 400 News Briefs every weekday and comprehensive data and analysis on thousands of companies around the world.