It seems some airlines are finding ways to make a profit:
DALLAS (AP) — Low-cost carrier Southwest Airlines Inc. on Thursday said first-quarter earnings nearly tripled, thanks to successful fuel hedging and higher traffic in March.
Quarterly income rose to $76 million, or 9 cents a share, from $26 million, or 3 cents a share, last year. Revenue climbed 12 percent to $1.66 billion from $1.48 billion.
Analysts surveyed by Thomson Financial expected Southwest to earn 5 cents a share on sales of $1.65 billion for the period.
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