Welcome | SIGN OUT
Find a Flight
  1. Click to reset this suggestion
    Click to reset this suggestion
    Click to view the calendar
    Click to view the calendar
0 sites selected
Hint:Pick3
Please select at least 3 sites above to compare

If you search more sites, you might find better deals

Ok, I will pick moreNo thanks

About Rick Seaney, CEO FareCompare

Rick Seaney

Rick Seaney, co-founder of FareCompare.com - is a world-class air travel expert.

FareCompare.com presides over a kingdom of sophisticated software that searches out fares and destinations at a billion combinations per query - while keeping track of 500 airlines serving more than 270,000 markets around the globe.

And all of Rick's data is updated continuously - in real-time.

No wonder he's the media's go-to guy for all things air travel. He's got the answers. And he loves to share his knowledge.

That's why Rick and the team created FareCompare.com - to help everyone become an air travel expert, and get the best deals first -- every time they fly.

Subscribe to Rick's Daily Note

* indicates required field

Quick links

Facebook Connect

Login using Facebook:

Southwest has 3rd Quarter “Technical” Loss (Sure Looked Like a Profit)

October 16, 2008 | Posted in: Southwest

Southwest reports a loss of $120 million in the third quarter this year – but that was “based on accounting charges” related to its fuel-hedging program, and if you remove that – the lower-cost carrier actually turned a profit of $69 million.

And because oil prices are down since peaking in July, Southwest CEO Gary Kelly says: “Our outlook on fuel prices has actually dramatically improved,” adding that the new challenge is going to be the current economic calamity.

And of course – the fact that oil prices can zoom up at any time. Call it the volatility factor – but Southwest is prepared: according the Dallas Morning News, the airline has 75% of its estimated fuel needs pre-purchased at capped prices of about $75 a barrel for all of 2009.

Share|

Leave a Reply

You must be logged in to post a comment.

  1. Atlanta
  2. Boston
  3. Charlotte
  4. Chicago
  5. Dallas-Fort Worth
  6. Denver
  7. Dubai
  8. Hong Kong
  9. Honolulu
  10. Las Vegas
  11. London
  12. Los Angeles
  13. Manila
  14. Miami
  15. New York
  16. Orlando
  17. Philadelphia
  18. San Francisco
  19. Seattle
  20. Seoul
  21. Singapore
  22. Tokyo
  23. Toronto
  24. Vancouver
  25. Washington
  1. About FareCompare
  2. Customer Service
  3. Contact Us
  4. Flight Deals
  5. Media Inquiries
  6. Privacy Policy
  7. Terms and Conditions

© Copyright 2006-2013 FareCompare.com. All rights reserved.

updated: 2008-10-16T09:44:05+00:00