Southwest Airlines Boeing 737-700. By Rob Finlayson Southwest Airlines posted 2012 net income of $421 million, marking its 40th consecutive year of profitability. The net profit more than doubled net income of $178 million in 2011. The profit increase was achieved even though Southwest’s fourth-quarter net income declined 48.7% year-over-year to $78 million. Chairman, president and CEO Gary Kelly noted that finishing in the black for 40 years consecutively is “a record ...

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