Southwest Airlines reported a third quarter 2011 net loss of $140 million which included $262 million (net) of unfavorable special items. This compared to net income of $205 million for third quarter 2010, which included favorable special items totaling $10 million (net). The Company’s operating income was $225 million for third quarter 2011, compared to $355 million for third quarter 2010. Excluding special items, third quarter 2011 net income was $122 million compared to net income of $195 million in third quarter 2010. the Company’s third quarter 2011 results include $227 million (net) in unrealized, noncash mark-downs relating to a portion of the Company’s fuel hedges for future periods. Actual net cash settlements paid to counterparties for the Company’s third quarter 2011 hedging activities were $13 million.
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Please contact
Tamar Jorssen
Vice President Sales & Marketing
+1.778.213.8543
[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada
[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada