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Updated from 7:02 a.m. EDT
A confident Southwest Airlines (LUV Quote) beat analysts' first-quarter targets Thursday and said it might very well meet or exceed its own goal of 15% earnings growth this year.
On top of that forecast, the carrier said it plans to grow its fleet as well, by exercising options for 79 additional Boeing jets.
Despite a 10% rise in unit costs, driven by sky-high fuel prices, the Dallas-based carrier made $61 million, or 7 cents a share, in the quarter, compared with $59 million, or 7 cents a share, a year earlier. Excluding hedging losses and gains, earnings rose to 8 cents a share from 5 cents last year, beating the Thomson Financial estimate by a penny. ...
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