DALLASSouthwest Airlines Co. lost money for the first time in 17 years as falling oil prices forced the company to write down the value of its fabled fuel-hedging transactions in the third quarter. Southwest said Thursday it lost $120 million in the three months ended Sept. 30 even as revenue jumped 11.7 percent. The airline took $247 million in charges, mostly to write down fuel-hedging contracts that are less valuable now that oil prices have plunged by nearly half since July. Without the charges, Southwest managed its 70th straight quarter of operating profit$69 million, or 9 cents per share, which was 2 cents per share better than Wall Street expected, according to a survey of analysts by Thomson Reuters. http://www.mercurynews.com/business/ci_10734473 This is how you know the economy is bad, when Southwest posts a loss then you know the economy is bad.