Even the best-managed airlines have little control over fuel prices, which are also typically their largest cost. So it is not surprising that the rise in fuel prices over the last few months is having an impact, most clearly seen in the latest round of financial reports and estimates. Southwest Airlines said it expected to incur a rare net loss in the 2012 first quarter because of higher-than-expected fuel costs. SWA senior VP-finance and CFO Laura Wright was correct when she told an ...

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