Southwest Airlines
Southwest Airlines
Southwest Airlines
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Income Statement<br />
The format is similar to a single-step format.<br />
IN MILLIONS 2007 2006<br />
Gross Profit $2,506 $2,573<br />
Income from Operations $791 $934<br />
Net Income $645 $499<br />
The gross profit is decreasing while the net income is<br />
increasing. They’re making more revenue and less<br />
profit, which seems to indicate rising operation<br />
expenses.
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