Southwest profit up on higher fares, cheaper fuel
Southwest Airlines said Oct. 24, 2013, that third-quarter net income soared to $259 million, or 37 cents per share, from $16 million, or 2 cents per share, a year ago. Credit: MCT
Average fares are rising on Southwest Airlines, and so is the airline's profit.
Southwest said Thursday that third-quarter net income soared to $259 million, or 37 cents per share, from $16 million, or 2 cents per share, a year ago.
The airline says that excluding special items its adjusted profit was 34 cents per share, matching analysts' forecasts.
The average fare is now $159.39, up 11.3 percent from a year ago.
The airline is also getting a break on fuel prices. It's spending 5.1 percent less at the pump than it did a year ago.
Inside look at NUMC's aging infrastructure President and CEO of Nassau University Medical Center Thomas Stokes explains the problems caused by the aging infrastructure within the hospital. Newsday Associate Editor Joye Brown reports.
Inside look at NUMC's aging infrastructure President and CEO of Nassau University Medical Center Thomas Stokes explains the problems caused by the aging infrastructure within the hospital. Newsday Associate Editor Joye Brown reports.
