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Special Charge Gives Southwest Airlines Its First Quarterly Loss
Southwest Airlines, the busiest carrier at Tampa International Airport, reported its first quarterly loss in more than 17 years after taking a $247 million special accounting charge on its fuel hedging program for the period ending Sept. 30. The Dallas-based airline said it achieved an operating profit for the 70th consecutive quarter, but the special charge resulted in a $120 million loss, or 22 cents a share, for the third quarter. ...more
October 16, 2008
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