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The two-day sale at which Southwest put most of its system on sale for $30, $60 or $90 one-way, was “very successful,” with all-time records for bookings set, he said.

As for liquidity, Southwest has $2.4 billion in cash and short-term investments, plus a fully available line of credit of $600 million. (By contrast, AMR has about $2.8 billion in unrestricted cash and short-term investments).

On bag fees, Kelly did not dismiss the idea, but emphasized that Southwest isn’t planning to implement a bag fee.

Even as Southwest cuts unprofitable, unproductive routes, it will be looking for new cities like the four it has added or is adding this year — Minneapolis-St. Paul,http://cheap-falcons-jerseys.weebly.com, New York, Boston and Milwaukee.

“Post summer we’re prepared for significant weakness,” Kelly said, and the carrier is preparing a number of undisclosed revenue initiatives.

Kelly said cutting unprofitable routes has boosted the airline’s unit revenues enough to bring in close to $100 million in the second quarter.

Chairman and CEO Gary Kelly and CFO Laura Wright on their earnings call Tuesday discussed Southwest Airlines’ Q2 2009 earnings — $54 million, or $59 million excluding special items.

“Given the deep recession, I’d say that is a very solid performance,” Kelly said at the beginning of the call,Wholesale Ravens Jerseys 6xiW.

&#8220,Throwback Penguins Jerseys;We’re all suffering from a decline in business travel demand that is evident throughout the travel industry, whether it’s airlines, hotels or restaurants — you name it ” Kelly said.

However, “we’re open to that and we’ll continue to study that,” he said.

Wright said Southwest expects 2010 capacity be down about 1 percent from 2009′s capacity, which itself will be down 5 to 6 percent from 2007.

So far, there’s been “no strong evidence I&#8217,Cheap Jays Jerseys;ve seen that bag fees would be additive” to Southwest’s revenues.

“While revenue declines are still unpleasant,” Kelly said he was pleased that Southwest is doing well relative to other carriers. Its 6 percent decline in unit revenues is far better “than our high-fare competitors,” Kelly said.

“There are a lot of cities that we don&#8217,SbR8;t serve,” he said.

“You know my personal feelings about bag fees. I think in this environment we’ve got to be open minded to anything,Throwback Coyotes Jerseys. You shouldn’t interpret that to mean that we’ve decided to charge for bags, because we haven’t,” Kelly told an analyst.

The trend on unit revenues, or revenues per available seat mile, “seems to have stabilized since April,” Kelly said. So far in July, there’s been “a slight improvement” in unit revenues, and August may be looking a little better, too, he said.

Southwest’s capacity will be down 6 percent in the third quarter 8 percent in the fourth quarter, even as Southwest is adding new cities Boston and Milwaukee, Kelly said.

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