Southwest Airlines Profits Up.
Idn't this the LCC with a highly unionised workforce? Seems it is possible to make money in a unionised environment without behaving like a certain unmentionable airline.
Southwest profit beats forecasts
Reuters
Thursday, October 20, 2005; 7:15 AM
NEW YORK (Reuters) - Southwest Airlines Co. <LUV.N> on Thursday reported its quarterly earnings soared 91 percent, beating forecasts, as fuel hedges helped the top U.S. discount carrier outperform a weak industry.
The largest U.S. airline by market value said third-quarter net income rose to $227 million, or 28 cents a share, from $119 million, or 15 cents a share, a year earlier.
The results included $87 million in one-time gains, without which the quarterly earnings would be $174 million, or 21 cents a share, beating Wall Street analysts' forecast of 18 cents a share before exceptional items, according to Reuters Estimates.