Southwest Airlines Wednesday reported a 17 percent decline in second-quarter profits due to higher fuel costs.
The company's profit was 278 million dollars, or 36 cents per share, for the second quarter compared to 333 million, or 40 cents per share, in the same time last year.
Revenue rose 5 percent to 2.58 billion dollars from 2.45 billion dollars a year earlier.
"The anticipated decline in our year-over-year second quarter earnings performance reflects a continued rise in fuel costs and difficult unit revenue comparisons," said Southwest CEO Gary C. Kelly.
"Traffic trends and bookings thus far in July are strong, suggesting unit revenue comparisons for third quarter 2007 will be better year-over-year than second quarter 2007's performance," he added.
Source: Xinhua
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