Southwest Airlines Co. (NYSE:LUV) Q4 2023 Earnings Conference Call January 25, 2024 12:30 PM ET Company Participants Julia Landrum - Vice President, Investor Relations Bob Jordan - President & Chief Executive Officer Tammy Romo - Executive Vice President & Chief Financial Officer Ryan Green - Executive Vice President & Chief Commercial Officer Andrew Watterson - Chief Operating Officer Whitney Eichinger - Chief Communications Officer Conference Call Participants Ravi Shanker - Morgan Stanley Jamie Baker - J ...

Southwest Airlines Co. (LUV) reported fourth-quarter 2023 earnings per share of 37 cents, which outpaced the Zacks Consensus Estimate of 11 cents. In the year-ago quarter, LUV incurred a loss of 38 cents per share.Revenues of $6,822 million outpaced the Zacks Consensus Estimate of $6,741.5 million and improved 10.5% year over year. The uptick was owing to healthy leisure demand and continued yield strength, mainly during the holiday time, coupled with record fourth-quarter ancillary revenues, loyalty progra ...

Southwest Airlines (LUV) reported $6.82 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 10.5%. EPS of $0.37 for the same period compares to -$0.38 a year ago.The reported revenue represents a surprise of +1.19% over the Zacks Consensus Estimate of $6.74 billion. With the consensus EPS estimate being $0.11, the EPS surprise was +236.36%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to ...

Southwest Airlines Co. shares LUV, were dipping in premarket trading Thursday, though the air carrier posted an adjusted earnings beat for its latest quarter. Southwest reported a fourth-quarter net loss of $219 million, or 37 cents a share, about even with the loss it posted a year earlier. On an adjusted basis, Southwest earned 37 cents a share, while analysts were expecting 12 cents a share. Operating revenue for the fourth quarter was $6.8 billion, while analysts were modeling $6.7 billion. “Our quarte ...

Southwest Airlines (LUV) received disappointing tidings on the labor front, with its flight attendants making history with a resounding vote to authorize a strike. The Dallas-based carrier’s flight attendants are represented by the Transport Workers Union of America Local 556. With more than 98% of the union members in favor, this marks a historic moment as it is the first time in the union's history that flight attendants have sanctioned a strike against Southwest Airlines.The catalyst for this unprecedent ...

Southwest Airlines (LUV) received encouraging tidings on the labor front when the company’s pilots, represented by Southwest Airlines Pilots Association or SWAPA, approved a five-year deal pertaining to wage increase.  Evidently, SWAPA represents 11,000 pilots of Southwest Airlines. In the entire exercise, 98.8% pilots participated with 92.73% casting their votes in favor of the deal.The approval makes LUV’s pilots eligible for an immediate 29.15% pay raise and a hike of 4% each in 2025, 2026 and 2027. The ...

Southwest Airlines said Monday its pilots approved a new labor agreement, which will offer about a 50% pay raise over a five-year period.About 11,000 pilots affiliated with the Southwest Airlines Pilots Association had been negotiating for better pay, retirement benefits, disability insurance and a revised scheduling process after the contract ended in September 2020.About 93% of the votes cast were in favor of the new $12 billion contract, the union said in a statement.Pilots at the Dallas-based carrier w ...

Southwest Airlines Co. (LUV) is scheduled to report fourth-quarter 2023 results on Jan 25.Southwest Airlines has missed the Zacks Consensus Estimate in two of the preceding four quarters, the average miss being 298.58%. However, the company has outperformed the Zacks Consensus Estimate in one quarter and met the mark in the remaining quarter. The Zacks Consensus Estimate for fourth-quarter earnings has been revised 71% downward over the past 90 days.Let’s see how things have shaped up for Southwest Airlines ...

DALLAS, Jan. 22, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) announced today its Pilots, represented by the Southwest Airlines Pilots Association (SWAPA), overwhelmingly approved a new collective bargaining agreement. "Our Pilots are world-class aviators who uphold Southwest's commitments to Safety, Hospitality, and connecting People to what's important in their lives," said Adam Carlisle, Vice President Labor Relations at Southwest Airlines®. "This agreement justly rewards our Pilots and suppor ...

Wall Street analysts forecast that Southwest Airlines (LUV) will report quarterly earnings of $0.11 per share in its upcoming release, pointing to a year-over-year increase of 129%. It is anticipated that revenues will amount to $6.74 billion, exhibiting an increase of 9.2% compared to the year-ago quarter.The current level reflects an upward revision of 14.6% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reapprai ...