4-19-12-Southwest Airlines (NYSE:LUV) reported a Q1 loss of $0.02, beating estimates by $0.03.Revenues in the quarter came in at $4 billion, up 28.6% year-over-year, which was inline with consensus estimates.The company reported Q1 fuel costs of $3.44 per gallon, which includes $0.12 per gallon unfavorable cash settlements on fuel derivatives.Southwest said Q1 PRASM was up 1.6% and CASM was up 6.2%.SmarTrend alerted subscribers to take profits in Southwest Airlines on March 06, 2012 at $8.66, since then the stock fell 8.9%. We are now watching for any positive developments that could result in a new uptrend signal.
