Southwest posts $5 million for 1Q earnings

04/21/2011 | Google

Southwest Airlines said it earned a penny per share in the first quarter of 2011, despite the rising price of fuel. Southwest, which earned $5 million for the quarter, also noted that it expects to close its acquisition of AirTran Airways on May 2. The $1.4 billion purchase will bolster the size of Southwest by 25%.

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