Southwest Sees ‘Very Strong’ June Revenue Growth

Southwest Airlines is expecting “very strong” revenue growth in June,
building upon the year’s momentum as travelers return to the skies after last
year’s doldrums, said Laura Wright, the budget carrier’s chief financial
officer.


Southwest

“Results in our outlook have drastically improved from last year despite challenges in
our economy,” Wright said at an analyst meeting. “Travel of first
half of June and in the second half of June is very strong, and we expect
another significant year-over-year revenue increase reporting in July,” she
said.

Southwest
currently has about $3 billion in unrestricted cash and investments on its
balance sheet, and it expects “modest” capacity growth in the third
and fourth quarter.