Michael
Pattern Altitude
Can anyone explain the difference between these two?
If one can make such a large profit, then why should the tax payers have to bail out another airline for bad management?
If one can make such a large profit, then why should the tax payers have to bail out another airline for bad management?
Another quarter, another profit for SouthwestThe discount giant said today that its fourth-quarter earnings rose 54%, something that came despite an unexpected expense of $24 million in 2005 federal airport security fees due to a retroactive assessment by the Transportation Security Administration. For the quarter, the airline said it earned a net profit of $86 million (10 cents per share), with earnings driven higher by increased revenue and cost control efforts, The Associated Press reports. For the year, Southwest earned $548 million, or 67 cents per share. That compares with the airline’s 2004 net income of $313 million, or 38 cents per share. Southwest's 2005 profit marked the airline's 33rd consecutive annual profit.
AA's loss widens in 4th quarter, company loses $861M in 2005American Airlines lost $604 million ($3.49 per share) during the fourth quarter of 2005, up significantly from the $387 million ($2.40 per share) the company posted during the same period in 2004. AA’s 2005 fourth-quarter results included $191 million in special items. Without those items, AA would have posted a loss of $413 million ($2.39 per share). Analysts polled by Thomson Financial expected the company to report a loss of $2.50 per share. Their estimates typically exclude one-time items, according to The Associated Press. AA said it paid $433 million more for jet fuel in 2005 than it would have had prices held steady with the prior year. For the year, AA lost $861 million. CEO Gerard Arpey said the company is "dissatisfied with our financial results."