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News Summary: Southwest notches a 3Q profit

The Associated Press
Thursday, 18 Oct 2012 | 10:46 AM ET

SOFT SEPTEMBER: All the big airlines reported traffic declines in September, and Southwest said pricing was soft that month.

STILL PROFITABLE: Southwest Airlines Co. still posted a $16 million profit for the quarter. Its adjusted profit was slightly better than analysts had expected, and better than its loss of $140 million during the same period last year.

WHAT'S NEXT: Delta Air Lines and US Airways report results on Wednesday, and United Continental is on Thursday.

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