Air Transport World

Southwest Airlines: America)(Financial report)

Another year, another profit for Southwest Airlines--its 33rd consecutive profit, in fact. The original and largest low-fare airline in the world earned $548 million last year, up 75% from $313 million in 2004, as extensive fuel hedges allowed it to fly through the dramatic run-up in oil prices during the year. Revenues rose 16% to $7.6 billion on a 13% increase in RPMs.

SWA also achieved partial success in its public relations and political campaign to eliminate the Wright Amendment that limits its operations at Dallas Love Field. But it experienced its first fatal accident as one of its 737s overran the runway at Chicago Midway last December and crashed through a barrier fence and onto a local highway, hitting two cars and fatally injuring a young child in one of them. …

Log in to your account to read this article – and millions more.