Southwest beats forecast with $112 million profit

[DieselDragRacer]

http://www.usatoday.com/money/companies/earnings/2010-07-29-southwest-airlines-profit_N.htm

 

[maxblast72]

$3.4 billion cash and a $600 million line of credit available yet no net growth in fleet size planned for 2011 and 2012. Any ideas of why Kelly is planning so conservatively for the foreseeable future?

 

[Old School 737]

How much debt do they have?

 

[Tanker Clown]

He's looking for a dance partner.

 

[Mach 80]

You aren't seeing a whole lot of growth from any airline. I think all the CEO's are in subtle agreement to keep capacity restrained so yields can climb. Most will disagree, but as employees, we all want growth but in the long term this might be better.

 

[desolo]

Southwest is about 40% leveraged.

 

[superherc]

The feared double dip recession is on their mind....slow smart growth will be good when the time is right. Aim for domestic growth with international code share to get market share...would be a winner.

Great quarter...a nice steady profit is excellent.

 

[roughneck]

40% leveraged.

 

[chris69]

11.5% operating profit was good. Net profit disappointing. Operating profit is what will be used for potential raise in Sept. 6.2, 2.1, 11.5% so far. Not good enough with math to figure out what it would need to be for final Q (3Q in this case) to get 8% which would get us a 1% raise.

 

[ACL65PILOT]

Just think what it would have been with bag fees!