Welcome to Flightinfo.com

  • Register now and join the discussion
  • Friendliest aviation Ccmmunity on the web
  • Modern site for PC's, Phones, Tablets - no 3rd party apps required
  • Ask questions, help others, promote aviation
  • Share the passion for aviation
  • Invite everyone to Flightinfo.com and let's have fun

LUV posts 4th quarter/full year profit.

Welcome to Flightinfo.com

  • Register now and join the discussion
  • Modern secure site, no 3rd party apps required
  • Invite your friends
  • Share the passion of aviation
  • Friendliest aviation community on the web

GuppyWN

Well-known member
Joined
Nov 5, 2005
Posts
3,204
Congrats my fellow Red Bellied Warriors!

Southwest Airlines Reports Fourth Quarter Profit and 37th Consecutive Year of Profitability

DALLAS, Jan 21, 2010 /PRNewswire via COMTEX/ -- Southwest Airlines (NYSE: LUV) today reported its fourth quarter and full year 2009 results.

Net income for fourth quarter 2009 was $116 million, or $.16 per diluted share, compared to a net loss of $56 million, or $.08 loss per diluted share, for fourth quarter 2008.

Fourth quarter 2009 results included special items (net of profitsharing and taxes) of $42 million, related to non-cash, mark-to-market gains and other items associated with a portion of the Company's fuel hedge portfolio. Excluding special items for both years, fourth quarter 2009 net income was $74 million, or $.10 per diluted share, compared to $61 million, or $.08 per diluted share, in fourth quarter 2008.

The fourth quarter 2009 results, excluding special items, of $.10 per diluted share exceeded Thomson's First Call mean estimate of $.07 per diluted share. Additional information regarding special items is included in this release and in the accompanying reconciliation tables.

For the full year 2009, net income was $99 million, or $.13 per diluted share, compared to $178 million, or $.24 per diluted share, for full year 2008.
 
It appears "Bags Fly Free" campaign and schedule optimization program have really produced good results. SWA Q4 performance much better than first 3 quarter of 2009. Good management and good employees usually produce good results.
 
Listening to the conference call.
Overall good feeling. Record 4Q. ASMs down, Loads and revenue up. Cautious 2010 with no net gain in aircraft per Gary. 10 new planes. Two big projects in 2010: New Rapid Rewards, Codeshare technology implemented. Int'l Codeshare "no-brainer." No international with our "metal" in 2010 or 2011. Very happy with LGA with more demand than slots and gates. 144 flights in DEN by August. $2.4B cash on hand, 45% leveraged, $600M untapped line of credit.

Might have heard wrong, but I think Laura said the hot pants are comming back 2Q 2010. :)
 
Last edited:
How much will your profit sharing be this year? Does it go quarter by quarter or do they calculate at the end of the year?
 

Latest resources

Back
Top