Southwest Airlines Co. (NYSE: LUV) reported third quarter 2024 earnings results today.
Total operating revenues increased 5.3% year-over-year to $6.87 billion.
Net income decreased 65% to $67 million, or $0.11 per share, compared to last year. Adjusted EPS was $0.15.
Revenue and earnings beat expectations.
For the fourth quarter of 2024, the company expects unit revenues to be up 3.5-5.5% YoY and capacity to be down around 4% YoY.
The stock was down over 1% in premarket hours on Thursday.
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