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.
![](https://cdn.news.alphastreet.com/wp-content/uploads/2023/07/Southwest-Airlines-Q2-2023-Earnings-Infographic-608x1024.jpg)
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
![](https://cdn.news.alphastreet.com/wp-content/uploads/2023/04/Southwest-Airlines-Q1-2023-Earnings-Infographic-608x1024.jpg)
Most Popular
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%