![]() He lowered his second-quarter and full-year profit projections for Southwest. Jim Corridore, airlines equities analyst at Standard & Poor's, was expecting Southwest to earn 4 cents a share, excluding one-time items. "But I don't think it's going to be up 6% either." NATURE OF CASE: Class-action suit challenging an employer's. "I don't have any empirical evidence that (demand) is going to be worse," he said. But he was unwilling to say the nation's travel slump has bottomed out.Īmerican Airlines said Wednesday that it had found demand for those kinds of tickets had picked up slightly the past month.Įven if the downturn in business travel has stopped, Kelly cautioned, it doesn't signal a booming recovery is around the corner. Kelly said that the slide in demand for tickets with little advance purchase - the kind bought mostly by business travelers - seems to have stopped. They will see countries with openings to check whether. Southwest's shares closed at $7.10, down 54 cents, or 7.1%, on a day when most carriers' stocks rose slightly. They will see all open positions, the detailed requirements, and how and where to submit the application. It's affected all airlines, but Southwest's losses surprised some analysts because it has weathered downturns to report profits for 17 years until now. The loss reflected a falloff in air travel by people, especially for business, in the recession. The first-quarter loss was unlike the last two quarters of 2008, when Southwest would have reported profits if not for one-time accounting items related to losses on fuel hedging contracts. It ordered a hiring freeze and offered employee buyouts. The discount airline reported losing $91 million, or 12 cents a share, in the first three months. — - Once relentlessly profitable Southwest Airlines luvreported its third-consecutive quarterly loss Thursday amid what CEO Gary Kelly called the "toughest revenue environment in our history."
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