If Southwest, which has long boasted of its profitability when compared to “legacy airlines,” is losing money, we’re in a recession.
And, that’s not just hyperbole. The last time Southwest posted a quarterly loss was at the start of the Bush I recession.
That said, if you throw out special accounting charges, the airline still turned a profit.
At the same time, the road ahead may be less than turbulence-free. Wild swings in oil prices may undercut much of the vaunted fuel hedging advantage Southwest has enjoyed in the past.
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October 16, 2008
Southwest Airlines drops a dime — it is a recession
Labels:
recession 2008,
Southwest Airlines
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