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: KB Home (KBH) Q2 2024 profit rises despite lower revenues

Homebuilder KB Home (NYSE: KBH) on Tuesday announced financial results for the second quarter of 2024, reporting an increase in net income. Revenues were down 3%. The company’s net income

What to expect when General Mills (GIS) reports its fourth quarter 2024 earnings results

Shares of General Mills, Inc. (NYSE: GIS) stayed green on Tuesday. The stock has dropped 5% over the past one month. The processed foods company is scheduled to report its

Lennar Corporation (LEN) Earnings: 2Q24 Key Numbers

Lennar Corporation (NYSE: LEN) reported total revenues of $8.8 billion for the second quarter of 2024, up 9% year-over-year. Net earnings attributable to Lennar were $954 million, or $3.45 per share, compared to

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top