Southwest profit rises more than 16 percent in 3Q

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DALLAS (AP) - Southwest Airlines is reporting profits rose more than 16 percent, to $615 million during the third quarter.

On a per-share basis, the Dallas company had a profit of $1.08, beating estimates by 2 cents, according to a survey by Zacks Investment Research.

Revenue was $5.58 billion, also edging out forecasts.

Shares of Southwest Airlines Co. have dropped 17 percent since the beginning of the year.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LUV at https://www.zacks.com/ap/LUV

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