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 ...

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 ...

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 ...

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 ...

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 ...

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 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: Bob Jordan, President and Chief Executive Officer, stated, "While it is disappointing to incur a first quarter loss, we exited the quarter with healthy profits and margins in the month of March. We are focused on controlling what we can control and have already taken swift action to address our financial underperfor ...

DALLAS, April 24, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) announced today that its Flight Attendants, represented by the Transport Workers Union Local 556, voted in favor of a new collective bargaining agreement. In addition to industry-leading compensation increases, the new agreement incorporates refined on-call scheduling for Southwest Airlines® Flight Attendants and other quality-of-life enhancements, including Company-paid maternity and parental leaves. "Our Flight Attendants embody Sou ...

Wall Street analysts expect Southwest Airlines (LUV) to post quarterly loss of $0.31 per share in its upcoming report, which indicates a year-over-year decline of 14.8%. Revenues are expected to be $6.45 billion, up 13.1% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone a downward revision of 3.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Ahead o ...

Southwest Airlines Co. (LUV) is scheduled to report first-quarter 2024 results on Apr 25.Southwest Airlines has surpassed the Zacks Consensus Estimate in two of the preceding four quarters, the average beat being 52.18%. However, the company missed the Zacks Consensus Estimate in one quarter and met the mark in the remaining quarter.Let’s see how things have shaped up for Southwest Airlines this earnings season.Q1 ExpectationsThe Zacks Consensus Estimate for LUV’sfirst-quarter 2024 revenues is pegged at $6. ...