Southwest 2Q Profit Rises on Revenue Increase

The average one-way fare topped $150

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    Rising fares are helping Southwest Airlines more than offset the high cost of jet fuel.

    The airline said Thursday that second-quarter profit soared 42 percent on record revenue.

    The average one-way fare topped $150, up 5 percent from last summer. Passenger traffic also increased 5 percent.

    Southwest earned $228 million, or 30 cents per share. Excluding special items, the company would have earned 36 cents per share, while analysts expected 33 cents per share.