I won't dispute the past tense of that statment, but it does not necesarily hold for the future.

Southwest made a profit in the 3rd quarter AFTER they received the cheque from the government. Otherwise the events of September 11th dragged them down badily too. Their President also stated at the same time as their third quarter release that Yields were so depressed that they would need a ten percent increase in fares paid to break even.

I don't mean to slander WN as I respect their ability to have found their niche. However, they are nervous about their future as is every other airline in North America