Southwest Airlines is out with its second-quarter results this morning, and they look pretty good.
Early Thursday, the airline reported a Q2 profit of $683 million which works out to $1.08 per share but adjusted for what the industry calls non-recurring costs, the profit is $ 1.09 per share, a penny better than the average estimate of industry analysts.
The same analysts predicted quarterly revenues of $6.99 billion but the figure reported this morning is $50 million better than that.
In a statement, President and CEO Bob Jordan says "I am very proud of, and grateful for, our amazing People and the great progress they made towards our goals in the first half of the year. To name only a few, we have largely restored our network, developed and are on-track with a robust winter operations plan, implemented a new revenue management system, and added necessary staffing to fully utilize our fleet, ahead of schedule, by the end of third quarter."
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