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Earnings roundup: Southwest Airlines, TD Ameritrade



By AP
17 April 2008 @ 04:12 pm EST

Among the earnings stories for Thursday, April 17, from AP Financial News:

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LUV 12.21 -0.6
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DALLAS (AP) Southwest Airlines Co., better insulated from high fuel costs than other carriers, eked out a reduced profit in the first quarter but said rising costs would force it to slow its fleet expansion plans.

OMAHA, Neb. (AP) Online brokerage TD Ameritrade Holding Corp. said Thursday its second-quarter profit jumped 32 percent on strong trading activity and growth in its asset-based revenue.

NEW YORK (AP) Bank of New York Mellon Corp. said Thursday its first-quarter earnings rose 72 percent as recent market volatility boosted fees at the trust bank.

HOUSTON (AP) Continental Airlines Inc. said Thursday that soaring fuel costs pushed it to a loss for the first quarter, and it plans to retrench by mothballing planes and reducing flights.

NEW YORK (AP) Gramercy Capital Corp.'s first-quarter results rose sharply as investment income jumped and rental revenues doubled, the real estate investment firm said Thursday.

BRIDGEPORT, Conn. (AP) Regional bank People's United Financial Inc. said Thursday its first-quarter earnings fell 55 percent because of rising loan-loss reserves and expenses.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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