Southwest focusing on improving revenues and cutting costs in 2Q2010, but economic concerns persist

Southwest Chief Financial Officer Laura Wright, speaking at the Bank of America Merrill Lynch Global Transportation conference in New York yesterday, reported the company was looking at improving revenue and costs for the second quarter, reflecting a generally bullish feeling about the economy. However, even as she reported results that are vastly improved from last year, she cautioned that the economic challenges are many, including high unemployment. [734 words]

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This report contains the following subheadings:

• Record load factors for every month this year
• Higher aircraft utilisation ahead as fleet stays flat
• Revenue development in focus

This report contains the following charts and tables:

• Southwest vs Legacy and LCC CASM, excluding fuel and special items: 1999 to 2009