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News Watch
- 10/17/2008 2:15:35 PM
By Chip Brian, SmarTrend Analytics Team
Today, discount air carrier, Southwest Airlines Co. (NYSE:LUV), announced fiscal results for its 2Q. Profit increased 15% to $321 million, or $0.44 per share, from $278 million, or $0.36 per share, a year earlier. Revenue rose 11% to $2.87 billion from $2.58 billion in the year-ago period. The company is the only major airliner to remain profitable in recent periods thanks mostly to its fuel-hedging program.
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