SWA 2nd quarter PROFIT FORECAST ???
07-19-2012, 07:18 AM
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Southwest Airlines Reports Second Quarter Results - Jul 19, 2012
Southwest Airlines Reports Second Quarter Results
Record operating income
GAAP Net income of $228 million
Excluding special items, record net income of $273 million
Jul 19, 2012
DALLAS, July 19, 2012 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) (the "Company") 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. Additional information regarding special items is included in this release and in the accompanying reconciliation tables.
Southwest Airlines Reports Second Quarter Results
Record operating income
GAAP Net income of $228 million
Excluding special items, record net income of $273 million
Jul 19, 2012
DALLAS, July 19, 2012 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) (the "Company") 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. Additional information regarding special items is included in this release and in the accompanying reconciliation tables.
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