Southwest Airlines(LUV)
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SOUTHWEST AIRLINES EXTENDS FLIGHT SCHEDULE THROUGH MARCH 5, 2025
Prnewswire· 2024-04-26 21:56
CARRIER OFFERS HISTORIC TIME HORIZON OF DAYS AVAILABLE FOR BOOKING DALLAS, April 26, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) has extended its flight schedule through March 5, 2025, to allow Customers to plan and book travel well into the new year. The carrier's full flight schedule is available at Southwest.com. "We're positioning ourselves as a competitive choice in longer-term travel planning by displaying a greater depth of our schedule alongside our unique flexibility," said Ryan Green, ...
Southwest Airlines(LUV) - 2024 Q1 - Quarterly Report
2024-04-26 20:36
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File No. 1-7259 SOUTHWEST AIRLINES CO. (Exact name of registrant as specified in its charter) Texas 74-1563240 (State or other ...
Southwest Airlines(LUV) - 2024 Q1 - Earnings Call Transcript
2024-04-26 01:26
Southwest Airlines Co. (NYSE:LUV) Q1 2024 Earnings Conference Call April 25, 2024 12:30 PM ET Company Participants Julia Landrum - Vice President of Investor Relations Robert Jordan - President & Chief Executive Officer Tammy Romo - Executive Vice President and Chief Financial Officer Ryan Green - Executive Vice President & Chief Commercial Officer Andrew Watterson - Chief Operating Officer Whitney Eichinger - Chief Communications Officer Conference Call Participants Michael Linenberg - Deutsche Bank David ...
Southwest Airlines (LUV) Incurs Q1 Loss on Higher Expenses
Zacks Investment Research· 2024-04-25 18:11
Southwest Airlines Co. (LUV) reported first-quarter 2024 loss of 36 cents per share, which was wider than the Zacks Consensus Estimate loss of 34 cents. In the year-ago reported quarter, LUV incurred a loss of 27 cents per share.Revenues of $6,329 million missed the Zacks Consensus Estimate of $6,451 million but improved 10.9% year over year. The uptick was owing to solid demand trends, coupled with record first-quarter passenger and ancillary revenues, passengers carried, and new Rapid Rewards Members. Fir ...
Southwest Airlines Stock Sinks After Q1 Results Miss, Guidance Cut
Investopedia· 2024-04-25 18:10
Key TakeawaysSouthwest Airlines had a larger first-quarter loss and lower revenue than expected as it warned about the impact of fewer Boeing plane deliveries.The carrier will limit hiring and cease operations at four airports to cut costs.The news sent shares to their lowest level this year. Shares of Southwest Airlines (LUV) slumped to their lowest level this year Thursday as the carrier posted worse-than-expected quarterly results, cut its guidance, and took steps to save money as its growth was hampered ...
Open seating no more? Southwest CEO says airline is weighing cabin changes
CNBC· 2024-04-25 14:39
Southwest Airlines is weighing changes to its cabin that could involve abandoning its single-class, open-seating system in order to drive up revenue, CEO Bob Jordan said told CNBC Thursday. The changes would mark a massive shift for the carrier that has stood apart from rivals for decades with its simpler business model."We're looking into new initiatives things like the way we seat and board our aircraft," Jordan said in an interview after the carrier's disappointing first-quarter report. Southwest's all-B ...
Southwest (LUV) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
Zacks Investment Research· 2024-04-25 14:36
For the quarter ended March 2024, Southwest Airlines (LUV) reported revenue of $6.33 billion, up 10.9% over the same period last year. EPS came in at -$0.36, compared to -$0.27 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $6.45 billion, representing a surprise of -1.89%. The company delivered an EPS surprise of -5.88%, with the consensus EPS estimate being -$0.34.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...
Slashed Delivery Forecast Dings Airline Stock
Schaeffers Research· 2024-04-25 14:21
Southwest Airlines Co (NYSE:LUV) missed top- and bottom-line expectations for the first quarter, and warned that it now anticipates getting just 20 Boeing (BA) 737 MAX planes this year -- less than half what it previously estimated -- which could limit growth into 2025. This was the third cut to those estimates, with the airline noting it will take measures to reduce costs, such as restricting hiring and offering voluntary time off programs.LUV was last seen down 9.2% to trade at $26.63, its lowest level si ...
Southwest Airlines to end service at four airports, fire 2000 employees
New York Post· 2024-04-25 13:44
DALLAS — American Airlines and Southwest Airlines both lost money in the first quarter, and Southwest said Thursday that it will limit hiring and close operations at four airports.Southwest expects to end this year with 2,000 fewer employees than it had at the start of the year.Airlines are dealing with higher labor costs and delays in getting new planes from Boeing, which is limiting their ability to add more flights at a time of high demand for travel.Southwest Airlines will be shutting down service at fo ...
Southwest Airlines(LUV) - 2024 Q1 - Quarterly Results
2024-04-25 10:30
SOUTHWEST AIRLINES REPORTS FIRST QUARTER 2024 RESULTS DALLAS, TEXAS - April 25, 2024 - Southwest Airlines Co. (NYSE: LUV) (the "Company") today reported its first quarter 2024 financial results: • Net loss of $231 million, or $0.39 loss per diluted share • Net loss, excluding special items1, of $218 million, or $0.36 loss per diluted share • Record first quarter operating revenues of $6.3 billion • Liquidity2 of $11.5 billion, well in excess of debt outstanding of $8.0 billion Bob Jordan, President and Chie ...