Southwest Airlines has reported record third quarter results. The carrier recorded a 61.8% increase in net income to $382 million compared to $241 million in the year-ago period, exceeding analysts’ expectations. Southwest recorded an operating income of $614 million, which, excluding special items, was $649 million. Gary C. Kelly, Chairman of the Board, President, and Chief Executive Officer, stated, “We are very pleased to report another record quarterly profit performance, which resulted in a $100 million third quarter 2014 profitsharing expense for our Employees.  Excluding special items, third quarter 2014 net income was $382 million, or $.55 per diluted share,

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