Southwest Airlines 2013 Q4 net income up almost 400%

24 January 2014

Southwest Airlines Co. (NYSE: LUV) has reported record fourth quarter net income of USD236m, or USD.33 per diluted share, compared to fourth quarter 2012 net income of USD65m, or USD.09 per diluted share.

CEO Gary C. Kelly said, “We are happy to report full year 2013 net income of USD805m, and fourth quarter 2013 net income of USD236m, both excluding special items. We are extremely proud of these record results and the tremendous progress made on our strategic initiatives, which produced substantial returns and contributed significantly to our superb 2013 financial performance.”

Southwest Airlines operates passenger airlines that provide scheduled air transportation services in the United States. As of December 31, 2012, the company operated 694 aircraft, including 606 Boeing 737 aircraft and 88 Boeing 717 aircraft. The company was founded in 1967 and is headquartered in Dallas, Texas. Its website is at http://www.southwest.com.

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