Southwest Airlines charters ship to move jet fuel to fuel-starved West Coast

LUV Southwest Airlines Co

$41.36 -0.86%

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1. 1Southwest Airlines (LUV) chartered a ship this spring to transport jet fuel from Texas to California, CFO Tom Doxey told CNBC.
2. 2The vessel departed Houston, passed through the Panama Canal, and arrived in Los Angeles on May 28 carrying roughly 12.6 million gallons of jet fuel.
3. 3With oil prices surging after the conflict with Iran, President Trump approved a Jones Act waiver in March, and Southwest's second-quarter fuel costs rose by nearly $900 million year over year.

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