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southwest airlines posts $205m profit for 3q
southwest airlines earns $205 million in 3q profit as traffic rises on low-fare carrier
companies:us airways group, inc.southwest airlines co. Topics:earnings
david koenig, ap airlines writer, on thursday october 21, 2010, 8:20 am
dallas (ap) -- southwest airlines is making money as more people travel on the nation's largest discount airline.
Southwest said thursday it earned $205 million in the late-summer third quarter compared with a loss of $16 million in the same quarter last year.
Traffic rose about 5 percent, which along with higher average fares pushed revenue up about 20 percent.
Ceo gary kelly says the outlook for october is excellent too.
Dallas-based southwest joins united, continental, delta, american, us airways and jetblue in posting third-quarter profits as the airlines benefit from higher fares and growing travel demand coming out of the recession.
Southwest shares rose over 4 percent in premarket trading.
http://finance.yahoo.com/news/south...tml?x=0&sec=topstories&pos=main&asset=&ccode=
