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DALLAS (AP) - Southwest Airlines Co. and the parent of Alaska Airlines on Thursday, cashing in winning bets they made on the direction of fuel prices.
U.S. airlines are seeing strong demand for travel, and they've even had a bit of success in pushing up ticket prices, but high fuel prices have kept giants like American Airlines in the red.
Not so at Southwest and Alaska Air Group Inc., which were more aggressive than their rivals in taking options to buy fuel far in the future at set prices, a practice known as hedging.
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