May 14, 2007
Slowing economy hurts demand for travel, Southwest CEO says Growing evidence suggests the slowing economy is weakening demand for travel, Southwest Airlines CEO Gary Kelly said ednesday. The company is targeting a 15% increase in profits this year, but Kelly said it may revise targets for 2008 and beyond. May 10, 2007
Southwest Airlines late Thursday said it expects earnings growth of 15% for 2007. The Dallas-based carrier said it reissued the comments, which were first made at a Bear Stearns conference on Wednesday, due to inaccurate media rep