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Southwest reports a second quarter net profit of $228 million

Southwest Airlines Company (Dallas) today reported its second quarter 2012 results.  Second quarter 2012 net income was $228 million, or $.30 per diluted share, which included $45 million (net) of unfavorable special items.  This compared to net income of $161 million, or $.21 per diluted share, in second quarter 2011, which included favorable special items totaling $40 million (net).  Excluding special items, second quarter 2012 net income was a record $273 million, or $.36 per diluted share, compared to $121 million, or $.15 per diluted share, in second quarter 2011.  This compared favorably to Thomson’s First Call mean estimate of $.33 per diluted share.  Operating income for second quarter 2012 was $460 million, compared to $207 million in second quarter 2011.  Excluding special items, operating income was a record $485 million for second quarter 2012, compared to $276 million for the same period last year.

Read the full report: CLICK HERE

Copyright Photo: Ton Jochems. Boeing 737-7H4 N714CB (msn 27848) taxies at Los Angeles in the Southwest Classic motif.

Southwest Airlines: 

 

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