Despite the impact of high fuel prices and more competition, Southwest Airlines reported that earnings rose 40.7% to $159 million for the second quarter ended June 30 compared to earnings of $113 million in the prior-year quarter. "Considering soaring oil prices and the enormous operational challenges our company and industry have faced over the past four years, our operating cost performance was exceptional and better than we expected," CEO Gary Kelly said. He also disclosed that Southwest ...

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