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
Earnings Preview: What to look for when Kroger (KR) reports Q1 2025 results
The Kroger Co. (NYSE: KR) is expected to report its first-quarter financial results next week. Customer engagement remained stable last year, driven by high-quality products and tailored promotional offers. Recently,
Adobe (ADBE) Q2 adjusted earnings rise on higher revenues
Adobe Inc. (NASDAQ: ADBE) on Thursday reported an increase in revenue and adjusted profit for the second quarter of 2025, amid continued growth in its subscription-based business. The design software
ORCL Earnings: Highlights of Oracle’s Q4 2025 financial report
Technology giant Oracle Corporation (NYSE: ORCL) has reported higher revenues and adjusted earnings for the fourth quarter of 2025. Total revenues increased to $15.9 billion in the May quarter from
