Reply #10: Southwest isn't actually an airline like the others [View All]

[jmowreader]

If "airline" means "a company that is organized for the primary purpose of scheduled air transport" then Southwest isn't an airline at all.

Southwest makes almost all of its money as a commodities brokerage specializing in aviation fuel. The fact that they run this bare-bones operation to make themselves look like an airline doesn't change the fact that they're almost totally dependent on fuel hedging as their source of capital.