Southwest Airlines Reports 9% Profit Increase But Warns of Rising Fuel Costs
Macro·2 articles across 2 outlets
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Southwest Airlines reported a more than 9% increase in second-quarter profit as higher fares are increasingly helping the airline cover its fuel tab.
However, the CEO warned that rising fuel costs will dampen earnings per share, as jet fuel is getting more expensive and is eating into the airline's bottom line faster than expected.
Southwest Airlines
Sources
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SourceReports the news
“Southwest Airlines reported a more than 9% increase in second-quarter profit as higher fares are increasingly helping the airline cover its fuel tab.”
CNBC — Southwest Airlines' third-quarter forecast falls short as fuel bill climbs“But there's a catch. Jet fuel is getting more expensive, and it's eating into the airline's bottom line faster than expected.”
thestreet — Southwest Airlines CEO warns rising fuel costs will dampen EPS