Southwest's 4Q profit rises on fuel costs

SOUTHWEST Airlines is making more money thanks to a lower fuel bill and higher average fares.

The company says fourth-quarter net income was $US212 million ($A240 million), up from $US78 million a year earlier.

The airline says that excluding special items it earned 33 cents per share.

Analysts were expecting 29 cents per share, according to a FactSet survey.

Revenue is up 6.1 per cent to $US4.43 billion, above analysts' forecast of $US4.39 billion.

The increase in net income can be credited to a 9.2 per cent drop in fuel spending, a savings of $US138 million.

However, labour costs are up 7.3 per cent.

The average fare on Southwest is $US156.05 each way, up $US8 or 5.4 per cent from a year earlier.

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