Southwest Airlines reports first quarter operating revenues of $4.1bn

Southwest Airlines posted its first quarter 2013 results. First quarter 2013 net income was $59m, which included $6m (net) of favorable special items. This compared to net income of $98m, in first quarter 2012, which included $116m (net) of favorable special items. Excluding special items, first quarter 2013 net income was $53m, compared to a net loss of $18m in first quarter 2012. Operating income for first quarter 2013 was $70m, compared to $22m in first quarter 2012. Excluding special items, operating income was $112m for first quarter 2013, compared to $10m in the same period last year.