Southwest Airlines Chairman, President and CEO Gary Kelly said the chances of reporting a full-year profit "are better today than they were 60 days ago," Dow Jones reported. "We haven't conceded that we will lose money for the year," he said. SWA was $37 million in the red through the first six months of 2009 and said in late July that "based on weak travel demand and fuel price volatility, we cannot predict a profitable third-quarter 2009." Kelly said SWA's 2009 result will hinge on fuel costs.
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