Southwest Airlines (NYSE:LUV) looking good this morning. The company announced its second-quarter earnings, posting an EPS of $0.36, above analyst estimates of $0.33 a share. Revenue for the rose 4.7% to $4.62 billion, also above estimates of $4.59 billion. This all hashes out to a 42% increase in profit for the quarter. The company says it is due to lower fuel prices and a boost in productivity to cut costs. Southwest is gaining on this earnings news, the stock is up almost 4% in the premarket session. For more coverage and analysis of the business world follow us on twitter @FNNOnline or check out website at fnno.com.
From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
its...