Southwest Airlines' aggressive fuel-hedging strategy is allowing it to grow as many of its rivals cut capacity and ground planes. CEO Gary Kelly said the airline will expand its presence at Chicago's Midway Airport as other carriers pull out of O'Hare. "Midway will be impacted dramatically by what happens at O'Hare," Kelly said. "If you see a downsizing at O'Hare, which I expect, then we will probably have an opportunity to grow Midway."

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