News

Southwest Reports Third Quarter Profit

By: Caribbean Journal Staff - October 31, 2014

Above: a Southwest Airlines plane

By the Caribbean Journal staff

Southwest Airlines reported a profit in the third quarter, the air carrier announced this week.

Third quarter net income, excluding special items, was $382 million, the company said, up from $241 million in the third quarter of 2013, or a 61.8 percent increase.

“We are very pleased to report another record quarterly profit performance, which resulted in a $100 million third quarter 2014 profitsharing expense for our Employees,” said Gary C Kelly, chairman of the board, president and CEO of Southwest Airlines.

Excluding special itmes, net income was $382 million in the third quarter, with operating income at $649 million.

“Our third quarter 2014 cost performance benefited from lower jet fuel prices and our fleet modernization efforts,” Kelly said. “With these trends continuing, we are poised for another solid cost performance for fourth quarter 2014.  Based on current cost trends, and excluding fuel and oil expense, profitsharing, and special items, we expect full year 2014 unit costs to increase approximately two percent compared to last year.”

In recent months, Southwest began its first push into the Caribbean market.

Popular Posts cape santa maria

The Best Caribbean Beach Resort You’ve Never Heard of 

There’s a boat just offshore called “Escape.”  It’s bobbing in some of the most brilliant, dynamic turquoise water I’ve ever seen, a few meters from a stretch of sand so bright and so white you have to squint to look […]


Marriott Is Opening Its New St Regis Resort In Aruba 

aruba st regis inside the restaurant with chairs

It was more than a decade ago that Marriott opened its first-ever Ritz-Carlton resort in the Dutch Caribbean: the Ritz-Carlton, Aruba, which at the time was the island’s first true five-star resort.  Fast forward to 2024, and Marriott is set […]


From All-Inclusive Resorts to Beaches, Travelers Are Falling in Love With Antigua and Barbuda

antigua barbuda frontier airlines the peninsula with sand

The plunge-pool villas at Hammock Cove. The historic streets of Nelson’s Dockyard. Pool days at Sheer Rocks. Unforgettable honeymoons. Vibrant meals of pepperpot and fungee. Beach bar hopping on the south coast. Endless serenity in Barbuda.  Travelers keep flocking to […]


Related Posts sandals south coast with trees

From Montego Bay to Ochi, Why to Visit a Sandals in Jamaica Right Now

Dunn’s River Falls. The Pelican Bar. Seven Mile Beach. Rick’s. The White River. Rose Hall. Jamaica never stops calling.  Whether you’re looking for the bustle and energy of Montego Bay, the laid-back cool of Negril or the abundant natural beauty […]


Caribbean Photo of the Week: Long Island in The Bahamas

long island bahamas

The latest Caribbean Photo comes from Caribbean Journal reader Heather Knechtges, who sent in this stunning shot on the beach in Long Island, The Bahamas. Have you taken a great photo in the Caribbean? Send it to news@caribjournal.com with CPOTW […]


At Turks and Caicos’ Regent Grand, A Different Way to Experience Grace Bay

regent turks

Grace Bay Beach; the restaurants, the shopping, the boating, the golf. They’re all a big par of the reason why Turks and Caicos has been one of the hottest destinations in the hemisphere over the last few years.  But hidden […]


SUBSCRIBE!

Sign up for Caribbean Journal's free newsletter for a daily dose of beaches, hotels, rum and the best Caribbean travel information on the net.


No. Thank You