Sixteen years worth of profitable quarters have raised standards and expectations at Southwest Airlines, which yesterday reported a 52.5% increase in first-quarter net profit to $93 million from $61 million in the year-ago quarter but called the result "disappointing" thanks to drops in both operating and non-GAAP earnings. "Based on the strength of last year's overall revenue growth, we had hoped this year's revenue growth would surmount these cost pressures," CEO Gary Kelly said, referring ...

Subscribe to Access this Entire Article

"Net profit rises but Southwest faces operating slump" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.