Southwest Airlines (SWA) anticipates it will incur a rare net loss in the 2012 first quarter due to higher-than-expected fuel costs.
Southwest Airlines 737-300. By Rob Finlayson Southwest Airlines (SWA) anticipates it will incur a rare net loss in the 2012 first quarter due to higher-than-expected fuel costs. The revelation came Tuesday in New York from SWA senior VP-finance and CFO Laura Wright at a JP Morgan investors' conference. "Fuel unfortunately is the story of the quarter," Wright said, according to a transcript of her comments. "We were planning for stable, albeit high, fuel prices [in ...
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