Southwest Profits Surge
Southwest Profits Surge
Southwest Airlines joined the reporting parade on Thursday by posting a 15 percent hike in revenue for the fourth quarter of 2010. The airline appears to be doing well thanks to increased traffic and higher prices, and reports that bookings looks promising through the remainder of the winter.
Southwest reported fourth-quarter earnings of $131 million, easily beating expectations of analysts, who had projected an average of $116.2 million in earnings for the carrier. The airline's ad campaigns have historically boasted lower prices, but it has been hiking fares along with the rest of the industry lately.
The airline industry is recovering after being particularly hard-hit by the recent recession. Rising fuel prices, however, have many airline executives concerned, so most airlines have raised ticket prices to keep climbing fuel costs from digging into profits. Southwest's costs for fuel surged 18 percent in the fourth quarter.
Southwest Airlines joined the reporting parade on Thursday by posting a 15 percent hike in revenue for the fourth quarter of 2010. The airline appears to be doing well thanks to increased traffic and higher prices, and reports that bookings looks promising through the remainder of the winter.
Southwest reported fourth-quarter earnings of $131 million, easily beating expectations of analysts, who had projected an average of $116.2 million in earnings for the carrier. The airline's ad campaigns have historically boasted lower prices, but it has been hiking fares along with the rest of the industry lately.
The airline industry is recovering after being particularly hard-hit by the recent recession. Rising fuel prices, however, have many airline executives concerned, so most airlines have raised ticket prices to keep climbing fuel costs from digging into profits. Southwest's costs for fuel surged 18 percent in the fourth quarter.
Comments
Top Stories
Latest DT's
-
1 month ago by Geno -
1 month ago by dallaseste
-
2 months ago by Geno
-
2 months ago by Geno
-
2 months ago by Geno
-
2 months ago by Geno
-
2 months ago by Geno
-
2 months ago by Geno
-
2 months ago by dallaseste
Top Authors
Subscribe
Games
Alias
3 Foot Ninja 2
ALIAS 2
Air Dodge
Battle Tanks
Bomber Bob
Cable Capers
Gem Mania
Hacker
Hostile Skies
Mission Mars
Bowling
Samurai Warrior
The Pharoh's Tomb
Monkey Lander
Muay Thai
Action
Donkey Kong Banana Barrage
501 Dart Challenge
Rooftop Skater
Zelda
Donkey Kong
Xtreme Pinball
Tetris
Connect 4
Battleships
Frogger
Penguin Push
Online Video Poker
Spank The Monkey
Mob Pay Back
Dealer
Yeti Sports Seal Bounce
Hold Your Drink Steady
Solitaire
Canyon Glider
3D Sudoku
Metal Slug Rampage
Street Fighter II
Flashman
Disc Golf
Table Tennis
Ninja Air Combat
Celebrity Hitman Terrorist Alert
Spider Solitaire
Tubin
Presidential Knockout
Global Player
Ma Balls
Baseball
Beckham Fit
0 Comments
Click here to sign up now.