Southwest Airlines Reports Profits

Southwest Airlines reported net income for the fourth-quarter 2007 of $111 million compared to $57 million in the fourth quarter of 2006. For the full year, Southwest's net income was $645 million compared to $499 for all of 2006. CEO Gary C. Kelly said the carrier was impacted by higher-than-expected fuel costs and softer demand for domestic air travel. Like other major airlines, Southwest was also affected by air traffic congestion, unusually difficult weather and security-related challenges. Despite the problems, Southwest reported its 35th consecutive year of profitability in 2007. (GD)

Suggested Articles:

As international travel resumes in the near future, the need for a resumption of passport processing will grow in importance. Read more here.

Updates to the PPP would include more time to use the loan, more flexibility in how it can be spent and the ability to defer payroll taxes. Read more.

Of the one-third of Americans who traveled over Memorial Day Weekend, many were planned last-minute and opted for road trips near their home.