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Southwest sees slowing economy hurting travel

10 May 2007

The chief executive of Southwest Airlines Co. today said there is “growing evidence” a slowing U.S. economy is dampening on travel demand, which will make it tough for the discount carrier to achieve its earnings target for the year.

Speaking at the Bear Stearns Global Transportation Conference, Southwest CEO Gary Kelly said the long-standing 15 percent earnings-growth target remains in place for this year. He added, however, the Dallas-based company may be forced to reevaluate targets for 2008 and beyond if the market continues to be sluggish.

source: Daily southtown

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