Transportation
Southwest Airlines grew second-quarter net profit to $112 million from $91 million a year earlier
. Excluding special items, net income more than tripled to $216 million, representing the "second-best" second quarter in the company's history, according to CEO Gary Kelly. Traffic reached record levels, average fare increased 19 percent to $131.82 and passenger revenue jumped 21 percent to drive "another record revenue performance." Kelly noted that business travel, while "not fully recovered," has "strengthened." He partly attributed "a continuing and significant marketshare shift" to Southwest's no bag fees campaign, adding that "an all-time record load factor is possible for July. We see no signs that the [revenue] momentum will stall in second half 2010."