Southwest 1Q net profit down 32% despite record revenue
Credit: Rob Finlayson
Southwest Airlines posted 2017 first-quarter net income of $351 million, down 31.6% from a net profit of $513 million in the 2016 March quarter, even as the Dallas-based carrier generated record first-quarter revenue of $4.9 billion, up 1.2% year-over-year (YOY). First-quarter expenses increased 8.8...
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