Southwest’s Annual Profits Top $1 Billion For First Time

Jan. 23, 2015
CFO says airline should save $1.7 billion in fuel costs in 2015 compared with 2014.

Southwest Airlines said Thursday that it earned a record $1.1 billion in 2014, the first time the Dallas-based carrier has gone over the $1 billion mark in profit.

And it could enjoy an even better year in 2015 if fuel prices stay down and the economy remains solid. Chief financial officer Tammy Romo said Southwest should save $1.7 billion in fuel costs in 2015 compared with 2014.

Excluding special items, Southwest said its 2014 income reached $1.4 billion, from $805 million in 2013.

Its previous best year came in 2013, when its net income reached $754 million.

More details here.