Southwest Airlines followed up its first quarterly loss in 17 years with another in the fourth quarter of 2008, but it maintained its record of full-year profitability with a $178 million surplus that represented a 72.4% plunge from the $645 million earned in 2007. Notwithstanding that result, the carrier announced that for the first time it will shrink capacity on an annual basis in 2009. "The economic environment has never been more uncertain, certainly in Southwest Airlines' history, and ...

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