Southwest Airlines posts quarterly profit

Thu Oct 18, 2012 6:58am EDT

Oct 18 (Reuters) - Southwest Airlines reported on Thursday it swung to a quarterly profit against a year-earlier loss, but said operating expenses rose and growth slowed in a key revenue measure.

Net income was $16 million, or 2 cents a share, in the third quarter, compared with a loss of $140 million, or 18 cents a share, a year earlier.

Excluding items, profit was 13 cents a share.