How Taipei is Building the City of the Future Sponsored This content is created collaboratively with one of our sponsors.
This is Southwest’s 41st consecutive year of profitability, which is track record that few other airlines can match.
Southwest Airlines is making more money thanks to a lower fuel bill and higher average fares.
The company said Thursday that fourth-quarter net income was $212 million, up from $78 million a year earlier.
The airline says that excluding special items it earned 33 cents per share. Analysts were expecting 29 cents per share, according to a FactSet survey. Revenue is up 6.1 percent to $4.43 billion, above analysts’ forecast of $4.39 billion.
The increase in net income can be credited to a 9.2 percent drop in fuel spending, a savings of $138 million. Labor costs are up 7.3 percent, however.
The average fare on Southwest is $156.05 each way, up $8 or 5.4 percent from a year earlier.
Copyright (2014) Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.