Southwest Airlines on Thursday reported profit that beat analysts' expectations and projected significant savings from the cascading cost of fuel.
The largest U.S. airline by domestic traffic said its profit was $190 million last quarter, which fell short of its quarterly income of $212 million in the same period in 2013.
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Yet the airline earned 59 cents per diluted share, excluding $214 million in special items, which exceeded analysts' average estimate of $0.55 cents per diluted share also excluding these charges, according to Thomson Reuters I/B/E/S.
"We have been very pleased with the overall performance of our markets under development, most notably Dallas Love Field, New York LaGuardia, and Reagan National," Chief Executive Officer Gary Kelly said in the earnings release.