Western Airlines reported net income of $31.7 million in the second quarter, the most it has ever earned in a single quarter. In the same period of 1984, the Los Angeles-based carrier lost $13.7 million.
Western's operating profit was $34.5 million in the quarter, compared to a loss of $5.9 million in the period a year earlier. Revenue was $357.9 million, also a record for any quarter. That compared to $293.9 million last year.
Gerald Grinstein, Western's chief executive, said in an interview that, while the United Airlines strike in May and June might have been a "major factor" in the results, "we also got our house in order, and our marketing program is moving along on schedule. We have reduced costs and boosted traffic to levels at which Western can be profitable."
Western's load factors in the period rose to 64% from 58.3%.
Grinstein predicted that Western would be profitable in 1985.
"The turnaround is on schedule," he said. For all of 1984, Western had a loss of $29.2 million.
Grinstein said the full extent of Western's improved performance is reflected in the $81.7-million swing in its half-year results--to a $45-million profit in the first six months of 1985 from a loss of $36.7 million last year.