7/7/2008

Southwest Airlines' aggressive fuel-hedging strategy is allowing it to grow as many of it rivals cut capacity and ground planes. CEO Gary Kelly said the airline will expand its presence at Chicago's Midway Airport as other carriers pull out of O'Hare.
"Midway will be impacted dramatically by what happens at O'Hare," Kelly said. "If you see a downsizing at O'Hare, which I expect, then we will probably have an opportunity to grow Midway." Kelly also said he wants to find $1.5 billion in new revenue to make up for shrinking fuel hedges.

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