Southwest Profits While Rome Burns

Tue Jun 17 11:02:00 -0700 2008
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Southwest Airlines, the only big U.S. carrier that's still profitable, may expand its fleet next year as competitors shrink operations to blunt surging fuel bills. More at Bloomberg.

One of the reasons Southwest has done so well is that it negotiated fuel delivery contracts at a fixed price, five years in advance. As these contracts start to run out, the airline will feel more pressure, but right now it's flying high.