Southwest Airlines (LUV)

Southwest Airlines (NYSE: LUV) today reported a third quarter Net loss of $16 million, or $.02 loss per diluted share, compared to a net loss of $120 million, or $.16 loss per diluted share, for third quarter 2008. Third quarter 2009 results included special items (net of profitsharing and taxes) consisting of a charge of $27 million relating to the Company's early-out program and a net loss of $12 million, relating to non-cash, mark-to-market and other items associated with a portion of the Company's fuel hedge portfolio.
Q3 operating revenues were 2,666,000 vs. 2,891,000 in last year's comparable period, a decrease of 7.8.

Oct 15 · 10:37:00 AM · Source: PR Newswire
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by Larry Etter