Southwest Earnings Are Up

Southwest Airlines is making more money than it did a year ago because of higher fares and the acquisition of AirTran Airways. Andrew Schneider has more.

Southwest is reporting it earned a $161 million in the April-through-June quarter. That’s up from a $112 million a year ago, though profits were not as high as analysts expected.

Fuel costs rose 64% over the past year, prompting Southwest to boost its average fare by 8%.

Chairman and CEO Gary Kelly says the integration of AirTran with Southwest is well underway following the May 2 acquisition. AirTran aircraft, airport facilities and employees will begin rebranding under the Southwest logo starting in 2012. The transition process is expected to take at least two more years.

Bio photo of Andrew Schneider

Andrew Schneider

Business Reporter

Andrew Schneider joined KUHF in January 2011, after more than a decade as a print reporter for The Kiplinger Letter...