Southwest Airlines, bolstered by continued low fuel prices and record first-quarter revenue, posted record first-quarter net income of $511 million, up 13% year-over-year. The Dallas-based carrier’s total operating revenues were a first-quarter record $4.8 billion—up 9.3% compared with last year’s first quarter—including $4.4 billion in passenger revenues. Revenue per available seat mile (RASM) was 13.68 cents for the quarter, compared to 13.67 cents a year ago, on ...

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