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.
No comments:
Post a Comment
Your comments are appreciated, as is at least a modicum of politeness.
Comments are moderated, so yours may not appear immediately.
Due to various forms of spamming, comments with professional websites, not your personal website or blog, may be rejected.