Southwest Airlines reported first-quarter net income of $98 million, driven by $116 million in "favorable special items," according to the carrier, which posted $5 million net income for the same period last year.
Excluding special items, Southwest's first-quarter net result was an $18 million loss.
The average first-quarter fare grew 6% to $146.44, including AirTran results on a pro forma basis.
Source: Business Travel News