Southwest CEO: A Big Thumbs Up to the Health of the Airline Industry
Skift Take
Will this be the peak of the airlines' latest run of good fortunes or are we somewhere else along in the cycle? How well the U.S. insulates itself from growing global challenges may answer this, but U.S.-centric carriers like Southwest will have an extra edge.
Southwest Airlines reported record profit for the fourth quarter and the whole year today, helped by a drop in fuel prices that saw the airline's fuel costs go down by 37% in the final quarter alone.
Southwest's earnings come two days after Delta Air Lines posted its own record earnings.
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