Courtesy, Southwest Airlines Southwest Airlines (SWA) reported 2011 net income of $178 million, down 61.2% from a net profit of $459 million in 2010. The Dallas-based low-cost carrier attributed the profit decline to "significantly higher fuel prices," but noted that its revenue performance was strong and 2011 marked its 39th year of profitability in a row.  "We had an outstanding revenue performance," chairman, president and CEO Gary Kelly said in a ...

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