83.4 F
Fort Worth
Wednesday, September 30, 2020
- Advertisements -
Banking Southwest Airlines posts a record 1Q profit

Southwest Airlines posts a record 1Q profit

Other News

Exxon’s oil slick

Exxon Mobil is slashing its capital spending budget for 2020 by 30% due to weak demand caused by the COVID-19 pandemic and a market...

Folk music’s Mark Twain: 7 Essential tracks from John Prine,

NEW YORK (AP) — Some people, the songs just come out of them. For nearly half a century, they tumbled out of John Prine...

Tarrant County records another COVID-19 death

Tarrant County Public Health (TCPH) on Wednesday, April 8 reported that a resident of Euless has died as the result of the COVID-19 virus....

Tradition stymied: A year unlike any since WWII for Augusta

The Masters is so intertwined with Augusta, they added an extra day to spring break.You see, the first full week of April isn't just...
Robert Francis
Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

DALLAS (AP) — Southwest Airlines says it made a record $152 million in the first quarter, more than doubling the $59 million profit it had during the same time last year.

The strong profit during a time of year that is traditionally the slowest for airlines is good news for the Dallas-based carrier, which has been struggling to integrate AirTran into its system following its 2010 acquisition.

Southwest made 22 cents per share, up from 8 cents per share in the same period last year. Excluding special items, the gain was 18 cents per share, beating the 16 cents expected by Wall Street analysts surveyed by FactSet.

Revenue climbed 2 percent to $4.17 billion — just shy of the $4.18 billion Wall Street predicted.

Shares rose 3.7 percent to $24.98 in premarket trading.

 

- Advertisements -
- Advertisements -

Latest News

Southside Bancshares rings NASDAQ bell

Southside Bancshares Inc. (Nasdaq: SBSI), the holding company of Southside Bank, rang the Nasdaq Opening Bell on Sept. 28, 2020 from 8:15...

Unfriendly skies: Airline workers brace for mass layoffs

By TOM KRISHER and CATHY BUSSEWITZ AP Business Writers DETROIT (AP) — The worries are growing for United Airlines...

$1.2B bank acquisition impacts North Texas market

First Mid Bancshares Inc. (NASDAQ: FMBH) and LINCO Bancshares Inc. announced Sept. 28 that First Mid will acquire LINCO, the holding company...

NBC Oklahoma names new vice chairman with Fort Worth roots

NBC Oklahoma has named a new vice chairman, Gabe Gilliam. Gilliam has served on the Holding Company Board for NBC Oklahoma for...

Insider Q&A: Accenture directs capital to Black start-ups

By ALEXANDRA OLSON AP Business WriterNEW YORK (AP) —Kathryn Ross was one of just two Black women in Accenture's Miami office when...