Crediting fuel hedging, capacity reductions by competitors and fare increases, Southwest Airlines overcame a difficult cost environment to post second-quarter net income of $321 million, up 15.5% from a $278 million profit in the year-ago quarter and a sharp contrast to US competitors reporting big losses. Chairman, President and CEO Gary Kelly called the quarter "very gratifying" and explained that a "burning cauldron of issues. . .including a weak economy and soaring operating costs. . .is ...

Subscribe to Access this Entire Article

"Southwest overcomes tough conditions to post $321 million profit" 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? ATWPlus@penton.com.