WN reports PROFIT

[GuppyWN]

Southwest Airlines (NYSE: LUV) today reported first quarter 2011 net income of $5 million, or $.01 per diluted share, compared to net income of $11 million, or $.01 per diluted share, for first quarter 2010. Both periods' results included special items related to non-cash, mark-to-market, and other items associated with a portion of the Company's fuel hedge portfolio. In addition, first quarter 2011 results included approximately $9 million in charges (net of profitsharing and taxes) primarily related to consulting fees in association with the Company's proposed acquisition of AirTran Holdings, Inc.

Also, looks like we own Airtran on May 2nd. Welcome aboard guys.

Gup

 

[Kharma Police]

Well done, we are looking forward to contributing to the success in the future.

 

[livintheredream]

Looking forward to contributing to the success of LUV.

 

[redflyer65]

Time to crank it up a little more on May 2nd. Grab you bag it's ON!

 

[Lear70]

Also, looks like we own Airtran on May 2nd. Welcome aboard guys.

Gup

Glad to be here! Looking forward to a prosperous future together!

 

[Midge]

Congrats to SWA. Whether it's .05 or $5million. Nice job in a quarter where weather/and market conditions sucked!

 

[BILL LUMBERG]

Good job considering all the negative crap that got piled on ya'll.

Dukes up in the 404 yo!!!

 

[BrickTop]

Of course they did. They washed 3 million in pencil whipped maintenance inspections....

 

[canyonblue]

Of course they did. They washed 3 million in pencil whipped maintenance inspections....

WTF?

 

[XR650R]

Of course they did. They washed 3 million in pencil whipped maintenance inspections....

We still would have made 2 million had we actually performed all that unnecessary maintenance. Inspections are for wussies. :laugh: