Although Kelly isn't enthusiastic about the quarter, the airline is in a better position than many of its peers to ride out any decline in passenger traffic or upswing in activity.
Southwest Airlines (SWA) reported a third-quarter net profit of $16 million, reversed from a $140 million net loss in the prior-year period. The improvement occurred even as revenue was flat and Dallas-based SWA incurred $81 million in net losses on unfavorable special items.
Chairman, president and CEO Gary Kelly said in a statement, “While in line with the domestic industry, our third-quarter 2012 year-over-year unit revenue growth was more sluggish than planned due to weaker demand, particularly in September.
The Daily Newsletter
Our daily coverage of the global travel industry. Written by editors and analysts from across Skift’s brands.
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