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Southwest reports 42nd year of profitability

Staff writer |
Southwest Airlines Co. reported its fourth quarter and annual 2014 results. Record fourth quarter net income, excluding special items, was $404 million, or $.59 per diluted share, compared with fourth quarter 2013 net income, excluding special items, of $236 million, or $.33 per diluted share.

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This exceeded the First Call consensus estimate of $.55 per diluted share. Fourth quarter net income was $190 million, or $.28 per diluted share, which included $214 million (net) of unfavorable special items, compared with net income of $212 million, or $.30 per diluted share, in fourth quarter 2013, which included $24 million (net) of unfavorable special items.

Record annual net income, excluding special items, was $1.4 billion, or $2.01 per diluted share, compared with 2013 net income, excluding special items, of $805 million, or $1.12 per diluted share.

Record annual net income wasf $1.1 billion, or $1.64 per diluted share, which included $261 million (net) of unfavorable special items, compared with net income of $754 million, or $1.05 per diluted share, in 2013, which included $51 million (net) of unfavorable special items.

Return on invested capital, before taxes and excluding special items (ROIC), was 21.2 percent for 2014, as compared with 13.1 percent for 2013.


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