Southwest reports record 1998 profit and revenue growth
Net income rose 36.4% to $433.4 million, the 26th consecutive profitable year, with a 10.4% net margin.
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U.S. low-cost passenger airline
southwest.comLast updated
In short: Southwest reported record Q3 revenue as fuel costs pressured profits and it expanded premium offerings and routes.
Net income rose 36.4% to $433.4 million, the 26th consecutive profitable year, with a 10.4% net margin.
The airline also achieved 45 consecutive years of profitability, record operating revenues of $21.2 billion, and served over 130 million customers.
Net income reaches $2.24 billion and operating revenues top $20 billion for the first time.
It introduces assigned and extra legroom seating, adds redeye flights and six international airline partnerships, launches Getaways vacation packages, and cuts about 1,750 corporate roles.
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