Printer Friendly

Southwest Airlines reports third quarter results.


Southwest Airlines (NYSE: LUV) has reported its third quarter 2006 results.

The airline reported a net income of USD48m, compared to USD210m for the same period last year. Southwest said that excluding unrealised gains/losses primarily relating to future periods associated with Statement of Financial Accounting Standard (SFAS) 133, "Accounting for Derivative Instruments and Hedging Activities," as amended, the net income for the third quarter 2006 was USD154m, which is flat compared to the third quarter 2005.

Total operating revenues for the quarter increased 17.7% to USD2.34bn, which can be compared to USD1.99bn for the same period last year. Revenue passenger miles (RPMs) increased 8.6% while there was an 8.8% increase in available seat miles (ASMs). The resulting load factor was 74.7%

((Comments on this story may be sent to
COPYRIGHT 2006 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Airline Industry Information
Date:Oct 19, 2006
Previous Article:Aeromexico to increase frequency on San Antonio-Mexico City route.
Next Article:Continental Airlines reports record consolidated load factor for third quarter.

Related Articles
Southwest Airlines' third quarter profits rise.
Southwest Airlines reports net income increase year-over-year for Q3.
Company Watch - Southwest Airlines.
Low Cost Airline News - North America.
Southwest Airlines reports third quarter record operating revenue for third quarter.
Southwest Airlines announces financial results for Q3.
Southwest Airlines reports results for fourth quarter and full year 2008.
Southwest Airlines reports net loss for first quarter 2009.
Southwest Airlines reports net loss of USD16m for Q3.

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters |