Dallas-based Southwest Airlines posted a $388 million net profit for the 2016 third quarter, down 33.6% year-over-year (YOY) from $584 million in 3Q 2015. Southwest board chairman, president and CEO Gary Kelly said the airline benefited from low fuel prices and record traffic levels during the quarter, “especially considering the operational challenges caused by the technology outage in July.” Southwest said the outage cost the company an estimated $55 million in lost ...

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