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DALLAS (AP) - The CEO of Southwest Airlines Co. said Wednesday that the low-cost carrier could be forced to put the brakes on growth because revenue isn't rising as fast as expected.
Southwest has been growing about 8 percent a year by adding planes and serving more cities, but it might have overshot the runway. Occupancy on its planes has fallen, and it can't raise fares enough to cover rising fuel costs.
Chief Executive Gary Kelly said company officials set their 2007 plans assuming a stronger economy, "and if that's not going to be the case then we'll need to make some adjustments."
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