Southwest Airlines expects to be profitable in fourth quarter on stronger travel demand

Southwest Airlines Co said on Wednesday it was expecting to be profitable in the fourth quarter on the back of stronger travel demand and fares.

said on Wednesday it was expecting to be profitable in the fourth quarter on the back of stronger travel demand and fares.The Texas-based carrier also said it expects to be "solidly" profitable next year and is trying to ensure adequate staffing as well as restore operational reliability.Southwest's upbeat outlook comes at a time when the airline industry is grappling with the uncertainty caused by the Omicron coronavirus variant.

"Any number of external factors may change and impact this plan," she told investors. "But we were cautious in our assumptions about travel demand."Southwest, which has had to cancel flights en masse partly due to staff shortages, said its efforts to hire 5,000 employees this year are "going well." The company also plans to add at least 8,000 employees to its workforce next year.

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