Southwest Airlines: Turning a Profit in Tough Economic Times

Due to the instability of the world market, many companies are struggling to earn money now. Leaders and managers are often asked to make rigorous decisions about how to involve their company in trouble. Most people look to reducing working hours and layoffs to reduce expenses. According to the US Department of Labor, the national unemployment rate is 8%. Over the last few years some major chain stores such as Circuit City are closed down and other large chain stores such as Starbucks and Borders are closing some stores to recover their profits .

Southwest Airlines is the most profitable airline in the history of the United States. The company was founded in 1971, is the first full year of its profit in 1973, Southwest Airlines has profited each year since then. This is 39 years since I wrote this article. Other airlines are coming and going. Other airlines can not compare with Southwest records. I have heard that the flight attendants of Southwest Airlines sing instructions for safety, but I've heard that I have seen them in costumes, but these are sometimes used to make the standard security language more vivid Thing. There is no other airline that is as pleasant as Southwest Airlines.

Southwest Airlines Achievements Southwest Airlines has reached a surplus for 23 consecutive years, overturning the development trend of the aviation industry. Southwest Airlines is the only US major airline that gained revenue in 1992. Even taking into account losses for two years after the start of operations, the company has an annual average return on investment of 12.07%. In 1995, Southwest Airlines won the Best Triple Crown Award for the fourth consecutive year by the US Department of Transportation, evaluating its best punctuality, best baggage handling records and minimal customer complaints. Other airlines never reached this record for the first month in a row.

Southwest Airlines is the most profitable airline in history. They make a profit each year. The idea was also copied from other companies. The characteristic of the Southwest is to clearly focus on them. The CEO has a clear "employee priority" philosophy. If employees are satisfied, they deal with customers well. If customers receive good treatment, they will come back and the company and shareholders will go well. That's pretty easy. - In the story of the author of the first company (Trigami, I did the same thing, it was crazy, but it was easy to feel that it was a bit alike): "Business Mind but I I do not have the energy to maintain this strategy for the rest of my life If we can sustain this business we need a better system and process.I do what I do I can not be just not that I am not happy.