20-Apr-2011 2:47 PM
Southwest expected to report slim profit in 1Q2011
Analysis
Southwest Airlines is expected to report a slim 1Q2011 profit earnings, due to the effects of rising fuel costs and the fallout from the fuselage rupture on a B737-300 and related aircraft groundings. CEO Gary Kelly has stated that rising energy prices could increase the company's costs by USD1 billion. Southwest stock rose 0.2% on Tuesday.
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