Southwest concerned by rising fuel prices
Southwest Airlines CEO Gary Kelly, stated the carrier’s outlook for 2010 improved but it faced concerns over high fuel prices after its 1Q2010 fuel spending increased by 18% despite using 6% less than in 1Q2009 (AP/Reuters/Business Journal of Milwaukee, 19-May-2010). Kelly also reiterated the carrier’s intent to increase its international services with a codeshare deal with Mexico’s Volaris expected sometime in 2010.
Southwest Airlines: “The biggest risk to Southwest Airlines near-term and long-term is rising jet fuel prices. It is imperative for us that we continue to focus on fuel efficiency. We have every desire to continue to grow. We just have to keep our costs under control.” Gary Kelly, CEO of Southwest Airlines. Source: AP/Reuters/Business Journal of Milwaukee, 19-May-2010.