Southwest Airlines posts 1st loss in 17 years

Southwest Airlines posts 1st loss in 17 years

DALLAS — Southwest Airlines Co. lost money for the first time in 17 years as falling oil prices forced the company to write down the value of its fabled fuel-hedging transactions in the third quarter. Southwest said Thursday it lost $120 million in the three months ended Sept. 30 even as revenue jumped 11.7 percent. The airline took $247 million in [...]

Southwest Airlines posts 1st loss in 17 years

Southwest Airlines posts 1st loss in 17 years.

Southwest Airlines posts first loss in 17 years

DALLAS (AP) _ Southwest Airlines Co. lost money for the first time in 17 years as it had to write down the value of its fabled fuel-hedging transactions in the third quarter.

Southwest Air posts first loss in 17 years

Southwest Airlines lost money for the first time in 17 years as falling oil prices forced the company to write down the value of its fabled fuel-hedging transactions in the third quarter.

Southwest Posts Loss on Hedge Charge

Southwest Airlines said it had lost $120 million, its first quarterly loss in more than 17 years, because of a charge to write down the declining value of its hedging contracts for fuel.

Southwest post 1st lost in 17 years

Ended run of profitable quarters with $120M loss.

Southwest, Continental report third-quarter losses

Southwest Airlines reported its first quarterly loss in 17 years, and Continental also lost money because of high summer fuel costs, but airline executives said Thursday they are more worried now about a looming recession.

Hedges prune gains at Southwest

Southwest Airlines reassured investors that fares are holding up as the economy slows, helping boost the shares after the carrier posted its first quarterly loss in 17 years on costs tied to fuel hedges.