10-Mar-2010 2:21 PM

Southwest Airlines planning to focus on increasing profits, not expanding

Southwest Airlines CFO, Laura Wright, made the following comments at the JP Morgan Aviation, Transportation & Defense conference:

  • Expansion plans: The carrier plans to focus on increasing profits, rather than growing (Associated Press, 09-Mar-2010). Despite a number of airports lobbying for Southwest services, the carrier has so far only announced one new market for the year, Panama City, FL.
  • New York LaGuardia: Southwest is interested in expanding from New York LaGuardia, if it is able to obtain more slots (The Dallas Morning News, 09-Mar-2010);
  • Fleet: Expecting little change to its fleet of over 530 B737 aircraft this year.

Southwest Airlines: “It's not a secret that we'd like more slots [at LGA]. If we could get more slots at LGA, we would take them. We don't have an expectation to have 100 flights a day at LaGuardia, but we know we've got demands for more than the eight that we have today,” Laura Wright, CFO. Source: The Dallas Morning News, 09-Mar-2010.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More