Southwest Airlines (LUV) Beats Market Expectations

Southwest Airlines (NYSE: LUV) posted above-expectation results for the 4th quarter of CY2009.

Talking with CNBC, Southwest Airlines’s Chairman and CEO Gary Kelly said that the company has registered an EPS of $0.10, excluding some items, beating the market consensus of $0.07. Although he expressed his gratification over the results, he also remained concerned about the general economy and fuel prices. He said that the company has healthy revenue trends but needs to work on cost control. He also claimed that the company increased its domestic market share by 1% in Year2009. He admitted that the airline is not looking to add capacity in Year 2010.