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Southwest profit jumps nearly 30 pct

Oct 26 (Reuters) - Southwest Airlines Co on Thursday reported a nearly 30 percent rise in quarterly profit, partly driven by higher passenger traffic.

The fourth-largest U.S. airline by passenger traffic said net income rose to $503 million, or 84 cents per share, in the third quarter ended Sept. 30, from $388 million, or 62 cents per share, a year earlier.

Operating revenue rose 2.6 percent to $5.27 billion. (Reporting by Arunima Banerjee in Bengaluru; Editing by Supriya Kurane)