Southwest Airlines yesterday cited a $40 million revenue reduction related to the August terrorist threat, special charges and "an overall softening in demand for air travel" as reasons for a 77.1% plunge in third-quarter profit to $48 million from net income of $210 million in the year-ago quarter. Still, CEO Gary Kelly called the result "solid" considering the aforementioned difficulties. "We began the quarter with unit revenue increases over 10%. Although the revenue momentum has slowed, ...

Subscribe to Access this Entire Article

"Southwest's third-quarter profit plummets 77%" 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.