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updated: 7/25/2013 9:44 AM

Southwest Airlines' 2Q profit slips 2 percent

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  • Southwest Airlines is getting a small break at the fuel pump, and that's helping it beat Wall Street expectations for profit.The airline said Thursday that net income in the second quarter was $224 million, or 31 cents per share.

      Southwest Airlines is getting a small break at the fuel pump, and that's helping it beat Wall Street expectations for profit.The airline said Thursday that net income in the second quarter was $224 million, or 31 cents per share.
    Associated Press

 
Associated Press

DALLAS -- Southwest Airlines is getting a small break at the fuel pump, and that's helping it beat Wall Street expectations for profit.

The airline said Thursday that net income in the second quarter was $224 million, or 31 cents per share.

That's down 2 percent from a year ago, but stripping away special items -- mostly changes in the value of fuel-hedging bets -- Southwest says it would've earned 38 cents per share. That's a penny better than analysts were expecting.

Lower oil prices early in the April-to-June quarter are helping Southwest shave 6 percent off its fuel bill, and planes are packed as the summer travel season hits full stride.

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