Southwest Posts 2Q Profit of $161 Million

By DAVID KOENIG
|  Thursday, Aug 4, 2011  |  Updated 10:04 AM CDT
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Southwest Posts 2Q Profit of $161 Million

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Southwest Airlines is making more money than it did a year ago because of higher fares and the acquisition of AirTran Airways.

But fuel costs are up 64 percent from a year ago, and Southwest's profit isn't as big as analysts expected.

Southwest said Thursday that it earned $161 million in the April-through-June quarter. That's up from $112 million a year ago.

The average fare went up about 8 percent. Southwest and other airlines raised prices several times this year to offset rising fuel costs.

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