Southwest Airlines’ 2Q profit slips 2 percent
DALLAS — Southwest Airlines is getting a small break at the fuel pump, and that’s helping it beat Wall Street expectations for profit.
The airline said Thursday that net income in the second quarter was $224 million, or 31 cents per share.
That’s down 2 percent from a year ago, but stripping away special items — mostly changes in the value of fuel-hedging bets — Southwest says it would’ve earned 38 cents per share. That’s a penny better than analysts were expecting.
Lower oil prices early in the April-to-June quarter are helping Southwest shave 6 percent off its fuel bill, and planes are packed as the summer travel season hits full stride.
Article Comments
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked.
If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.