A discussion about the airline industry, airline employees, and all things related

It’s that time of the year, first quarter profit reports.  It is looking like this might be a money making year for the airlines.  The nation’s largest carrier, American Airlines, reported an $81 million dollar profit for the first quarter.  AMR Corp., (AMR) the parents of American Airlines said that international operations were strong, while the domestic business was weaker suppressed by winter storms.

The nation’s largest low cost carrier, Southwest Airlines, (LUV) reported a $93 million dollar profit for the first quarter.  Factoring in fuel hedging the airline still reported a $33 million dollar profit. 

“Although we are gratified to report our 64th consecutive quarter of profitability, it is disappointing to report first quarter economic earnings below year-ago levels,” Southwest chief financial officer Gary Kelly said.

Continental Airlines (CAL) reported a better-than-expected first-quarter profit and their first first-quarter profit since 2001.  The airline reported a $22 million dollar profit despite winter storms that held profits down by $10 million.  President Jeff Smisek said revenue grew almost twice as fast as the airline added capacity. He said international routes outperformed the U.S. business. 

Other airlines are expected to release their results later this month.  

Chicago Sun Times

Dallas Morning News

Seattle PI