Southwest Airlines reported third-quarter net income of $584 million,

up from $329 million in the third quarter of 2014. Passenger revenue rose 3.3 percent year over year to $4.7 billion, while the carrier’s average fare declined 4 percent to $154.33. Traffic increased 8.9 percent as capacity rose 7.6 percent, increasing Southwest’s load factor by a percentage point to 85.4 percent.