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Southwest posts loss on weak demand

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Well-known member
Jan 6, 2005
Southwest net loss $91 million
Southwest loss $20 million excluding items

NEW YORK, April 16 (Reuters) - Low cost carrier Southwest Airlines (LUV.N) on Thursday reported a quarterly net loss on weaker demand amid economic recession that has resulted in a sharp drawdown of consumer spending and leisure travel.
The low-cost airline's loss amounted to $91 million, or 12 cents per share, compared with a profit of $34 million, or 5 cents per share, a year ago.
Excluding items related to non-cash, mark-to-market and other items associated with a portion of Southwest's fuel hedge portfolio, the carrier posted a loss of $20 million, or 3 cents per share.
Revenue slipped 6.8 percent to about $2.4 billion, from a little over $2.5 billion in the first quarter of 2008.

sure good way to get the TA passed
Is that the first loss for SWA, not including special items? Just curious.

Yes...had we turned an "operating" profit, this would have been our 72nd consecutive quarterly operating profit. W/R to net (including special items such as fuel hedging, etc), we started turning negative in Q3 and Q4 of 2008. We're still profitable on an annual basis for 36 years, but 2009 is off to a bad start...
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Not to make light of this bad news, but...

In the worst recession in which SWA has even existed, coupled with Easter falling in April, it should be no surprise to anyone that we would post a quarterly operating loss. The mark to mark write-down should also not be a surprise. The economy will come back and whatever workrules we have when that happens will be difficult to change back to what we have now.

It's still OK to vote no!
Some good news for the FI swa haters.

Don't understand that sentiment at all. Why you would wish bad things for your fellow pilots is beyond me.

SWA is a good company just like other airlines out there trying to make it through these times.
It is amazing when we see a loss at SWA, but as someone said on here previously, that usually means everyone will post losses. A lot of SWA's loss was due to fuel hedges, and I am pretty sure DL will have a fairly large loss due to the same thing. Hedging can be a gamble---and it looks like SWA and DL, along with others, lost on Q4 last year and Q1 on this year.

Bye Bye--General Lee
No way Delta posts a loss. Between Song and all the ca$h coming in off the international routes, I estimate a quarterly profit for the boys from ATL to be in the billions!

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