DALLAS — Average fares are rising on Southwest Airlines Co., the fuel bill is shrinking, and profit is soaring.
The airline is gearing up for the holiday travel season, and officials say that bookings for November and December are strong.
Southwest released third-quarter results Thursday and gave more evidence that the airline industry continues to rebound from the 2008 recession. Mergers have reduced the number of competitors, and the remaining airlines are boosting fares by controlling growth and limiting seats.
Southwest said that third-quarter net income jumped to $259 million, or 37 cents per share, from $16 million, or 2 cents per share, a year earlier. Full story for BostonGlobe.com subscribers.