The Pittsburgh Business Times (Free subscription) | yesterday
Second-quarter profit rose 15 percent at Southwest Airlines as the carrier's strong fuel-hedging position helped mitigate against high oil prices. (LUV)
Philadelphia Inquirer (Free subscription) | yesterday
While other airlines are losing money, Southwest Airlines Co. yesterday reported a $321 million second-quarter profit, beating Wall Street expectations, largely by hedging fuel costs.
Financial Time (Free subscription) | yesterday
Southwest Airlines reported a higher quarterly profit, as hedges locked in most of the low-cost US carrier's jet-fuel expenses well below market prices. Derivatives...
LA Times (Free subscription) | yesterday
By hedging its fuel purchases, the bargain carrier shows a profit increase as competitors dump flights. Southwest Airlines Co. this fall is on track to become the busiest carrier at Los Angeles International Airport and at three of the four regional airports in Southern California as high fuel prices force its main competitors to cut flights.
Seeking Alpha (Free subscription) | yesterday
Southwest Airlines Co (LUV) Q2 2008 Earnings Call Complete Story »
PR News Wire (Free subscription) | 07/24/2008
Employees Donate, Package, and Load School Supplies on Military Vehicle Bound for Troops' Children DALLAS, July 24 /PRNewswire-FirstCall/ -- Southwest Airlines Employees today were joined at the airlines' Dallas Maintenance Facility by Herb Kelleher, Chairman Emeritus and Founder, and Colleen Barrett, President Emeritus, to send off a U.S. military cargo truck carrying 1,000 backpacks filled with...
Fark.com (Free subscription) | 07/24/2008
Their fuel hedging was a gamble. They hedged that it would be $50 a barrel back when it was only $20 a barrel. Yes, oil prices tend to rise but this decision could have easily backfired on them if the rise had not nearly been as dramatic. Remember, when you lock in a price, you have to pay it regardless of the spot market price so its a great way to make money or lose money. I think more airlines could...
The Houston Business Journal (Free subscription) | 07/24/2008
Second-quarter profit rose 15 percent at Southwest Airlines as the carrier’s strong fuel-hedging position helped mitigate against high oil prices. (LUV)
The Baltimore Business Journal (Free subscription) | 07/24/2008
Southwest Airlines has posted second-quarter earnings of $121 million, or 16 cents per share, on revenue of $2.9 billion. (LUV)
The Triangle Business Journal (Free subscription) | 07/24/2008
Southwest Airlines' profits rose 15 percent in the quarter as the carrier's strong fuel-hedging position helped mitigate against high oil prices. (LUV)
New York Newsday (Free subscription) | 07/24/2008
Southwest Airlines, the biggest carrier at Long Island MacArthur Airport in Ronkonkoma, earned a profit in the second quarter and beat Wall Street expectations by continuing to rely on financial deals that lowered its fuel costs.
Chairman Ku's Little Blue Book (Free subscription) | 07/24/2008
Southwest Airlines just posted over a $300 million profit while most other airlines are going into the tank. What did Southwest do? It had a management that took advantage of fuel hedging . Where was the managment of other airlines'--weren't they fuel hedging????
Star Tribune (Free subscription) | 07/24/2008
Reuters (Free subscription) | 07/24/2008
NEW YORK (Reuters) - Southwest Airlines Co , which has a history of successfully hedging against high fuel costs, on Thursday posted a quarterly profit.
Reuters UK (Free subscription) | 07/24/2008
NEW YORK, July 24 (Reuters) - Southwest Airlines Co , which has a history of successfully hedging against high fuel costs, on Thursday posted a higher-than-expected quarterly profit despite sky-high oil prices.
