Average fares are rising on Southwest Airlines, and so is the airline's profit.
Southwest said Thursday that third-quarter net income soared to $259 million, or 37 cents per share, from $16 million, or 2 cents per share, a year ago.
The airline says that excluding special items its adjusted profit was 34 cents per share, matching analysts' forecasts.
The average fare is now $159.39, up 11.3 percent from a year ago.
The airline is also getting a break on fuel prices. It's spending 5.1 percent less at the pump than it did a year ago.
Source: southwest - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEAimPXX5vjmwqaEwlGI7q_gazf4g&url=http://abcnews.go.com/Business/wireStory/southwest-profit-higher-fares-cheaper-fuel-20666595
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