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Southwest Airlines(LUV Quote) said it needs to stop growing so fast and might consider hiking fares.
That would benefit other airlines, except that Southwest's hedging position is so formidable that the carrier is under far less cost pressure than any of its competitors.
Those comments came as the company beat estimates in the latest quarter thanks to its fuel hedging. In the second quarter, excluding special items, the carrier said net income was $121 million, or 16 cents a share. Analysts surveyed by Thomson Reuters had estimated 12 cents. ...
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