Southwest Airlines Co. (NYSE: LUV) reported third quarter 2021 earnings results today.
Operating revenue increased 161% year-over-year to $4.7 billion.
The company reported a net income of $446 million, or $0.73 per share, compared to a net loss of $1.15 billion, or $1.96 per share, in the year-ago quarter. Adjusted net loss was $0.23 per share.
Both the top and bottom line numbers exceeded expectations.
For the fourth quarter of 2021, operating revenue is estimated to be down 15-25% from the same quarter in 2019.