Southwest Airlines operates Southwest Airlines (Southwest) and AirTran Airways (AirTran), passenger airlines that provide scheduled air transportation in the U.S. and near-international markets. Co. serves 97 destinations in 41 states, the District of Columbia, the Commonwealth of Puerto Rico, and six near-international countries including Mexico (Cancun, Mexico City, and Cabo San Lucas), Jamaica (Montego Bay), The Bahamas (Nassau), Aruba (Oranjestad), Dominican Republic (Punta Cana), and Bermuda. At Dec 31 2012, the total fleet operated by Southwest and AirTran combined consisted of 694 aircraft, including 606 Boeing 737s and 88 Boeing 717s.
The airline industry has seen a recovery in profitability and share prices. U.S. airlines are expected to lead the recovery in the global sector's profits this year, according to the International Air Transport Association (IATA). And the Amex Airline Index (NYSE: XAL) has ran from about $35 in September to above $55 in March, a near 60% rally.
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