“Southwest profit falls 46% as airline takes ‘urgent’ steps to increase revenue”
July 25, 2024
“…Here is how Southwest performed in the second quarter compared with Wall Street expectations, according to consensus estimates from LSEG:
- Earnings per share: 58 cents adjusted vs. an expected 51 cents
- Revenue: $7.35 billion vs. $7.32 billion expected
The Dallas-based airline said its second-quarter revenue rose 4.5% from last year to $7.35 billion, a record, but its profit dropped more than 46% to $367 million, or 58 cents a share. Revenue per available seat mile, a gauge of airline pricing power, fell 3.8%, roughly in line with the carrier’s reduced forecast last month…”
https://www.cnbc.com/2024/07/25/southwest-airlines-luv-earnings-q2-2024.html