• Southwest hopes to expand into business and international travel

    2010-07-30

    Budget airline Southwest is hoping to expand into business and international travel, according to its CEO. The company recently posted a strong profit for the second quarter ahead of analyst's expectations.

    Southwest reported that total profit rose to $112 million dollars, up from $91 million during the second quarter of 2009. Total revenue jumped 21 percent to $3.19 billion.

    While Southwest doesn't have any plans to increase the size of its fleet, it is considering expanding its business travel and possibly getting into international travel. Southwest CEO David Kelly discussed both potential moves in a conference call with investors.

    "We’ll have a bigger push and a stronger message for business travel over the next 12 months," he said. The company has announced it hopes to upgrade its frequent flyer program and have wireless internet installed on all flights by 2013 in an effort to appeal to business travelers.

    Kelly also discussed the possibility of expanding the company's domestic routes into international travel, but cautioned that the airline has yet to make up its mind in this regard.

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