DALLAS (AP) _ Southwest Airlines Co. (LUV) on Thursday reported fourth-quarter net income of $68 million, after reporting a loss in the same period a year earlier.

The Dallas-based company said it had net income of 11 cents per share. Earnings, adjusted for non-recurring costs, came to 14 cents per share.

The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.

The airline posted revenue of $5.05 billion in the period, which also beat Street forecasts. Nine analysts surveyed by Zacks expected $5.03 billion.

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