Wednesday, November 24, 2010

Southwest CEO sees no improvement in June - New Mexico Business Weekly:

martaemimbzini.blogspot.com
Kelly told guests attending the 2009 Globak Transportation Conference that base d ontrends he’s seeing in June, he does not expect things to improvwe this month. However, Kelly added that Southwesyt is in a strong financial position with a solidcbalance sheet, very modest debt maturities and acceszs to the credit markets. “Clearly the realitty is it’s a very difficulft time,” Kelly said, “Earning are going to be very stresser until theeconomy changes.” Kelly said the airline remainds committed to maintaining strong levels of liquiditgy and preserving cash.
The company has been pursuing revenudeboosting initiatives, including fees for children that fly alones requiring crew care and a new program that lets pets that fit underr the seats fly for an additional charge. Kellt said thus far the company has remained committee to allowing customers access withoutr having to paybaggage fees. Southwest serves customers in central New Mexicp from the AlbuquerqueInternational Sunport.

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