Southwest Airlines Stock Slides as Q3 Guidance Comes in Light
Southwest Airlines Co (NYSE: LUV ) reported second-quarter financial results after the closing bell on Wednesday. Here’s a look at the key details from the report. Southwest Airlines stock is trending lower. What’s pulling LUV shares down? Southwest Airlines Q2 Highlights Q2 Revenue: $8.43 billion, versus estimates of $8.58 billion Q1 Adjusted EPS: 94 cents, versus estimates of 51 cents Second-quarter operating revenue increased 16.4% year-over-year. The company said revenue per available seat mile (RASM) increased 16.2% year-over-year. RASM in the third quarter is expected to grow between 17.5% and 19.5%. “Second quarter results demonstrate the earnings power of our business. We delivered results well ahead of consensus expectations despite nearly $900 million of additional fuel expense year-over-year,” said Bob Jordan, president and CEO of Southwest Airlines....
Southwest Airlines Co (NYSE: LUV ) reported second-quarter financial results after the closing bell on Wednesday. Here’s a look at the key details from the report. Southwest Airlines stock is trending lower. What’s pulling LUV shares down?
4% year-over-year. 2% year-over-year. 5%. “Second quarter results demonstrate the earnings power of our business.
We delivered results well ahead of consensus expectations despite nearly $900 million of additional fuel expense year-over-year,” said Bob Jordan, president and CEO of Southwest Airlines. 5 billion. The company guided for third-quarter adjusted earnings of 50 cents to 75 cents per share versus estimates of 82 cents per share. 17 per share.
“Our focus now turns to unlocking the company’s full earnings potential by continuing to optimize our network, product offering, and pricing, while continuing to strengthen financial performance,” Jordan added. m. ET Thursday morning. 66 at the time of publication, according to Pro.
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