Southwest Airlines (LUV) reported second-quarter earnings of 15 cents per diluted share, up from 12 cents per diluted share in the second quarter of 2009. Operating revenue gained 21% to $3.2 billion, driven by a 19% increase in the average passenger fare, the company said in a statement. Net income was $112 million, up from $91 million in the year-ago quarter.
"We are extremely pleased with our second quarter results," CEO Gary C. Kelly said. "Second quarter net income (excluding special items) dramatically improved over second quarter last year, largely due to another record revenue performance."
The Money Man Behind Rick Santorum: Who Is Foster S. Friess?
Why Your 2012 Tax Bill May Jump By $8,000
Savings Experiment: Snow Removal
Savings Experiment: Tissues vs. Toilet Paper
Wrecks to Riches: Hunting Sunken Treasures from Cape Cod to the Costa Concordia
