Southwest earns US$2.2b 2016 net profit; 44th straight profit
Southwest Airlines posted a 2016 net profit of US$2.24b, up 2.9% from net income of $2.18b in 2015, marking the second straight year of record profitability for the carrier. It was also the 44th consecutive year of positive net income for Southwest, which noted that sluggish RASM performance is starting to improve. “December business travel was stronger than anticipated leading up to the holiday period,” chairman and CE Gary Kelly said. “Based on current bookings and revenue trends, we estimate Q1 2017 operating unit revenues will be flat to down 1% year-over-year. This represents a continued and sequential improvement from the 2.9% operating unit revenue year-over-year decline in Q4 2016, which is an encouraging start to the year.” <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-01-27/unaligned/southwest-earns-us-2-2b-2016-net-profit-44th-straight-profit
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Southwest earns US$2.2b 2016 net profit; 44th straight profit
Southwest Airlines posted a 2016 net profit of US$2.24b, up 2.9% from net income of $2.18b in 2015, marking the second straight year of record profitability for the carrier. It was also the 44th consecutive year of positive net income for Southwest, which noted that sluggish RASM performance is starting to improve. “December business travel was stronger than anticipated leading up to the holiday period,” chairman and CE Gary Kelly said. “Based on current bookings and revenue trends, we estimate Q1 2017 operating unit revenues will be flat to down 1% year-over-year. This represents a continued and sequential improvement from the 2.9% operating unit revenue year-over-year decline in Q4 2016, which is an encouraging start to the year.” <br/>
