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VOL. 129 | NO. 73 | Tuesday, April 15, 2014

Southwest Says Profit-Sharing Nearly Doubles

AP

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DALLAS (AP) – Southwest Airlines says employees will get a record $228 million in profit-sharing this year, nearly double the payout of a year ago.

The airline said Monday that the payout is based on results from 2013, when net income hit a record $754 million.

Earnings and stock prices for airlines soared last year, and employees at some carriers are benefiting. Delta Air Lines Inc. said in February that it would pay $506 million in profit-sharing.

Dallas-based Southwest also owns AirTran Airways and is the nation's fourth-biggest airline operator. Employees own about 4 percent of Southwest's stock. The company has nearly 45,000 employees and is negotiating new contracts with its union workers.

Southwest's shares gained 84 percent in 2013 and began Monday up 21 percent in 2014.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 98 376 10,434
MORTGAGES 124 449 13,881
FORECLOSURE NOTICES 14 56 2,766
BUILDING PERMITS 196 798 23,420
BANKRUPTCIES 68 264 8,803
BUSINESS LICENSES 24 77 3,613
UTILITY CONNECTIONS 251 637 13,380
MARRIAGE LICENSES 21 93 3,117

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