Southwest: Q4 Earnings Snapshot
By AP News
Published - Jan 25, 2024, 06:57 AM ET
Last Updated - Jan 25, 2024, 06:57 AM EST
DALLAS (AP) — DALLAS (AP) — Southwest Airlines Co. (LUV) on Thursday reported a loss of $219 million in its fourth quarter.
The Dallas-based company said it had a loss of 37 cents per share. Earnings, adjusted for non-recurring costs, came to 37 cents per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.
The airline posted revenue of $6.82 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $6.74 billion.
