Southwest Airlines 737-300. Photo: By Rob Finlayson. Southwest Airlines earned $5 million in the first quarter, a 54.5% decline compared to $11 million earned in the year-ago period but a solid showing in view of rapidly rising fuel costs and tough winter weather. Separately, the carrier also announced it expects to close its purchase of AirTran Airways on May 2 at which point Executive VP-Strategy and Planning Bob Jordan will become president of AirTran, succeeding President and CEO ...

Subscribe to Access this Entire Article

"Southwest first-quarter earnings drop nearly 55% on skyrocketing fuel costs" 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.