CBS 11 Header TXA 21 Header MeTV Header KRLD Header The Fan Header
Two Great Apps: CBS DFW Weather App: iPhone App Store | Android App Coming Oct | Download
                                   CBS Local App: The Latest From CBS DFW On Your Device | iOS & Android | Download
                                   -Including Breaking News Notifications, Audio and Video from CBS DFW

Local

Drop In Oil Prices Brings Relief To Southwest Airlines

View Comments
(credit: Rick Gershon/Getty Images)

(credit: Rick Gershon/Getty Images)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

From Our CBS Music Web Sites

186152214 Drop In Oil Prices Brings Relief To Southwest AirlinesJIM GAFFIGAN, "My kids have never eaten Hot Pockets

181572784 8 Drop In Oil Prices Brings Relief To Southwest AirlinesFunny Faced Cheerleaders

 alt=Musicians Then And Now

455079896 Drop In Oil Prices Brings Relief To Southwest AirlinesWATCH: Iggy Azalea & JLO's Booty Battle

 alt=Remembering Jimi Hendrix 44 Years Later

cowb thumb Drop In Oil Prices Brings Relief To Southwest AirlinesCowboys Cheerleaders

DALLAS (AP) - The CEO of Southwest Airlines expects his airline to catch a break from the recent drop in oil prices. He also says bookings for early summer look strong.

Southwest Airlines Co. said Wednesday that it expects its 2011 fuel bill to rise $1.3 billion over last year’s $3.62 billion tab. It previously forecast a $1.5 billion jump.

CEO Gary Kelly says May and June bookings are strong, but he’s worried whether the company can raise fares fast enough to cover high fuel costs. Southwest has already raised fares seven times this year.

Kelly also said at the company’s annual shareholder meeting that Southwest isn’t planning to raise its dividend until it can increase profits.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments