“Reuters) – Southwest Airlines Co topped Wall Street estimates with a 42 percent rise in quarterly profit on Thursday, helped by higher fares, and said demand was solid despite the fragile economy.
U.S. airlines have merged, raised ticket prices and shown discipline in cutting back flights to match demand to return to stability over the past two years.
“Southwest and the rest of the airlines are really focusing in on the routes that are higher-yielding and more profitable, and as a whole that has helped the industry,” saidMatthew Jacob, an airline analyst with ITG Investment Research.”
If you enjoy the content at iBankCoin, please follow us on Twitter
