RedDogC130
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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
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