Loving Southwest Airlines
Like its rivals, Southwest received a government grant this quarter under the Emergency Wartime Supplemental Appropriations Act. Thanks in part to that gift of green, the airline earned $246 million in the second quarter. Unlike Continental, Northwest
For the quarter, total revenues logged in at $1.5 billion, up 2.9% year over year. Excluding items, earnings jumped 22.6% to $103 million, or $0.13 per share, from last year's $84 million, or $0.10 a share. The company, which generated $638 million in operating cash flow for the quarter and $313 million of free cash flow, closed out the quarter with $2.2 billion on its balance sheet.
Southwest even has plans to accelerate deliveries of new jetliners from Boeing
Yes, Southwest stands out, as does JetBlue
At today's prices, Southwest flies too near the sun.