Profit rose 7% to $659 million despite taking a $210 million hit in operating income from the grounding of its Boeing 737 Max jets. Southwest shares rose more than 5% in midday trading. Southwest Airlines Co. reported third-quarter profit of $1.23 per share. Revenue rose 1% to $5.64 billion despite a 2.9% reduction in passenger-carrying capacity due to the Max grounding. In midday trading, Southwest shares were up $2.79, or 5.3%, to $56.03.

Source: ABC News October 24, 2019 10:56 UTC