Categories AlphaGraphs, Earnings, Industrials
LUV Earnings: Key quarterly highlights from Southwest Airlines’ Q2 2023 financial results
Southwest Airlines Co. (NYSE: LUV) reported second quarter 2023 earnings results today.
Total operating revenues increased 5% year-over-year to $7 billion, beating market estimates.
Net income declined 10.1% to $683 million, or $1.08 per share, compared to last year. Adjusted EPS was $1.09 per share, which was below analysts’ expectations.
Revenue per available seat mile (RASM), or unit revenues, were down 8.3% YoY in Q2.
For the third quarter of 2023, RASM is expected to be down 3-7% YoY and capacity is expected to be up around 12%.
The stock fell 6% in premarket hours on Thursday.
Prior performance
Most Popular
After a positive year, what’s in the cards for Electronic Arts (EA) in FY25
Electronic Arts (NASDAQ: EA) ended fiscal 2024 on a mixed note, reporting lower revenues and improved bottom-line performance for the fourth quarter. The stock declined following the announcement as earnings
A look at how Disney’s (DIS) entertainment business performed in Q2 2024
Shares of the Walt Disney Company (NYSE: DIS) stayed green on Wednesday. The stock has gained 16% year-to-date. The company recorded revenue and earnings growth for the second quarter of
Uber Technologies reports wider loss for Q1 2024; revenue up 15%
Uber Technologies, Inc. (NYSE: UBER) on Wednesday reported a wider net loss for the first quarter of 2024. Revenues of the ride-sharing giant increased 15% during the three months. Net