Southwest reports second quarter profit

Southwest Airlines has reported net income of $746 million for the second quarter of 2017, diluted earnings per share of $1.23, operating income of $1.25 billion, and operating margin 1 of 21.8 percent. Second quarter operating cash flow of $746 million and second quarter free cash flow of $195 million. The airline returned $476 million to Shareholders through a combination of dividends and share repurchases. Gary C. Kelly, Chairman of the Board and Chief Executive Officer, expressed his delight on the positive unit revenues compared with the year-ago performance but he singled out the successful deployment of its new reservation