Southwest Airlines 737-300. By Rob Finlayson Owing to $227 million in unrealized, noncash fuel hedging mark-downs, Southwest Airlines (SWA) incurred a third-quarter net loss of $140 million, reversed from a $205 million profit in the year-ago period. But the LCC touted a strong revenue performance and pointed out that, excluding special items, third-quarter net income was $122 million. That was still down 37.4% from $195 million in net income on a similar basis in the 2010 third ...

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