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Southwest posts record revenue but warns of rising costs
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FILE - Southwest Airlines jets are stored at Sky Harbor International Airport in Phoenix, Tuesday, April 28, 2020. Southwest Airlines said Thursday, July 28, 2022, that second-quarter profit doubled to $760 million on record revenue, but it warned that rising costs and lower productivity are likely to continue in the second half of the year. - photo by AP Photo/Matt York, File
DALLAS (AP) — Southwest Airlines' second-quarter profit doubled to $760 million on record revenue, but it warned that rising costs and lower productivity are likely to continue in the second half of the year. Shares fell 7% Thursday in midday trading. Air travel has bounced back this year from pandemic depths, and that is particularly true for Southwest’s strength in leisure travel within the United States.