Southwest Airlines reported a "record" fourth-quarter profit of $212 million,

up from $78 million in the last quarter of 2012. Southwest's average quarterly one-way fare rose 5.4 percent to $156.05. Its average full-year 2013 fare of $154.72 was up 5 percent from the prior year. Passenger revenue rose 6.5 percent for the last three months of 2013, with passenger traffic up 3.2 percent and capacity up 2.2 percent from the prior-year period. "Strong travel demand and favorable year-over-year unit revenues have continued in January, thus far," according to president and CEO Gary Kelly.