Revenues grew 2.8 percent to $3.5 billion in the quarter. The company said it grew capacity 2.7 percent and its average fuel price declined 2.4 percent to $3.07 per gallon of jet fuel.
"We are setting company records in all the operational metrics that matter to our customers, including completion factor, on-time arrivals and baggage handling," said chief executive Doug Parker. "This record operating reliability is driving strong customer demand and keeping costs in check, resulting in outstanding financial performance."
Excluding one-time accounting items, including a $67 million gain from its slot swap transaction with Delta Air Lines, the carrier would have posted a profit of $192 million, or 98 cents per share. That beat Wall Street analysts estimates of 91 cents per share. -Andrea Ahles