BREAKING
Earnings Summary: Zymeworks (ZYME) Q4 FY25 net loss widens 17 hours ago Earnings Summary: A snapshot of Smith+Nephew’s (SNN) Q4 2025 report 18 hours ago Earnings Summary: Norwegian Cruise Line (NCLH) Q4 FY25 revenue rises 6% 19 hours ago Earnings Summary: Highlights of Calumet’s (CLMT) Q4 2025 earnings report 4 days ago Zoom Communications Q4 2025 Earnings Results 5 days ago Agilent Q1 Revenue Rises 7%, Net Income Declines 5 days ago Synopsys Q1 2026 Earnings Results 5 days ago Key highlights from J.M. Smucker’s (SJM) Q3 2026 earnings results 5 days ago Hormel Foods (HRL) Q1 2026 Earnings: Key financials and quarterly highlights 5 days ago Key metrics from Lowe’s (LOW) Q4 2025 earnings results 6 days ago Earnings Summary: Zymeworks (ZYME) Q4 FY25 net loss widens 17 hours ago Earnings Summary: A snapshot of Smith+Nephew’s (SNN) Q4 2025 report 18 hours ago Earnings Summary: Norwegian Cruise Line (NCLH) Q4 FY25 revenue rises 6% 19 hours ago Earnings Summary: Highlights of Calumet’s (CLMT) Q4 2025 earnings report 4 days ago Zoom Communications Q4 2025 Earnings Results 5 days ago Agilent Q1 Revenue Rises 7%, Net Income Declines 5 days ago Synopsys Q1 2026 Earnings Results 5 days ago Key highlights from J.M. Smucker’s (SJM) Q3 2026 earnings results 5 days ago Hormel Foods (HRL) Q1 2026 Earnings: Key financials and quarterly highlights 5 days ago Key metrics from Lowe’s (LOW) Q4 2025 earnings results 6 days ago
ADVERTISEMENT
Market News

What to expect when Southwest Airlines (LUV) reports Q2 2023 earnings

Shares of Southwest Airlines Co. (NYSE: LUV) were up 1% on Wednesday. The stock has gained 16% over the past three months. The airline company is set to report its second quarter 2023 earnings results on Thursday, July 27, before market open. Here’s a look at what to expect from the earnings report: Revenue Analysts […]

$LUV July 26, 2023 1 min read
NYSE
$LUV · Earnings
“

Shares of Southwest Airlines Co. (NYSE: LUV) were up 1% on Wednesday. The stock has gained 16% over the past three months. The airline company is set to report its second quarter 2023 earnings results on Thursday, July 27, before market open. Here’s a look at what to expect from the earnings report: Revenue Analysts […]

· July 26, 2023

Shares of Southwest Airlines Co. (NYSE: LUV) were up 1% on Wednesday. The stock has gained 16% over the past three months. The airline company is set to report its second quarter 2023 earnings results on Thursday, July 27, before market open. Here’s a look at what to expect from the earnings report:

Analysts are projecting revenues of $6.9 billion for Southwest in Q2 2023. This would represent a growth of over 3% from the same period a year ago. In Q1 2023, operating revenues increased 22% year-over-year to $5.7 billion.

Revenue

Earnings

The consensus estimate is for earnings of $1.10 per share in Q2 2023, which compares to earnings of $1.30 per share reported in the year-ago quarter. In Q1, the company reported an adjusted loss per share of $0.27.

Points to note

Like its peers, Southwest is expected to benefit from strong travel demand. Leisure travel remains robust while managed business trends are expected to improve sequentially. The company expects unit revenues for Q2 to be down 8-10% year-over-year with capacity up around 14%.

Operating expenses per available seat mile, excluding fuel and oil expense, special items, and profitsharing, or CASM-X, is expected to be up 5-8% YoY in Q2. Economic fuel costs per gallon is estimated to be around $2.55.

ADVERTISEMENT
ADVERTISEMENT

Related Articles