Southwest Confirms $608m Net Profit For Q2

US low-cost carrier (LCC) Southwest Airlines has confirmed a record net profit of $608m in Q2 2015, a year-on-year rise of 31 per cent.

US low-cost carrier (LCC) Southwest Airlines has confirmed a record net profit of $608m in Q2 2015, a year-on-year rise of 31 per cent.

While revenues rose by just two per cent for the quarter to $5.1bn, Southwest's costs decreased by 29.5 year-over-year to $1bn, with a $420m saving on fuel expenses.

The LCC said its half-year net profit was $1bn, up 72 per cent over net income of $617m in 1H 2014.

The Dallas-based airline’s CEO Gary Kelly, who described the airline’s network performance as “exceptional”, said the outlook for the rest of the year was strong with Southwest on track to better 2014’s full-year net profit of $1.1bn.

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