fares

Southwest Posts Earnings of 15 Cents Per Share

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.