Southwest Expects a Tax Reform Windfall Will Keep Its Momentum Going in 2018
Skift Take
Southwest has posted record earnings and believes that tax reform will be a major benefit in 2018. But the airline's overall strategy going forward will remain consistent, at least for the time being.
The last year has been relatively smooth for Southwest Airlines, and the carrier expects that a tax windfall in 2018 will enhance its competitive position and keep the momentum going.
Southwest posted record fourth quarter income of $1.9 billion and annual operating income of $3.5 billion, topping analyst expectations, which results in an operating margin of 16.6 percent for the year. Passenger volume also beat projections.
Tax reform will save the airline a bundle over the next few years; Southwes
