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Article: Even Southwest's profit expected to be hit hard by soaring oil prices.
- Article from:
- The Dallas Morning News (Dallas, TX)
- Article date:
- October 12, 2004
CopyrightCOPYRIGHT 2004 The Dallas Morning News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Eric Torbenson
Oct. 12--Investors know jet-fuel prices are killing airlines' profits, but they will soon get an up-close view of the damage when major carriers begin reporting third-quarter earnings.
The period, which includes the busy summer travel season, is traditionally the industry's most profitable.
But even the strongest U.S. carrier, Dallas-based Southwest Airlines Co., will find its 54th consecutive quarterly profit dented by oil prices that topped $40 a barrel for most of the period.
After Southwest reports Thursday, the earnings mood will darken next week when the network carriers reveal the wounds from having ...