Southwest Airlines reports 15% increase in second quarter profits

07/24/2008 | Wall Street Journal, The · Washington Post, The · USA Today

Southwest Airlines posted a 15% increase in profits with net income of $321 million in the second quarter. The airline's fuel-hedging program allowed Southwest to lock in the price of around $2.50 a gallon for fuel while other airlines were forced to pay market prices. Southwest has not reported a loss since the first quarter of 1991.

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Wall Street Journal, The · Washington Post, The · USA Today

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