Author: Vitaliy Dadalyan

Southwest profit jumps 7.2% as unit revenues rise

Southwest Airlines Co reported a 7.2% rise in third-quarter profit on Thursday, as strong travel demand and higher fares offset the hit from flight cancellations due to the grounding of its Boeing 737 MAX jets. The budget-friendly U.S. airline, which only flies 737 planes and has the world's largest MAX fleet, said it took a $210 million hit to operating income in the quarter from the ongoing grounding. Southwest said last week it was postponing the return of the 737 MAX jets to its flight schedule until Feb. 8....