Southwest Airlines Co. LUV is soaring to new heights following an impressive earnings beat and a fresh alliance with activist investor Elliott Investment Management.In its recent earnings report, the airline posted a 5.3% increase in total operating revenue, hitting $6.87 billion — outpacing expectations of $6.81 billion.Earnings Impress Despite ChallengesDespite turbulence from the COVID-19 pandemic and ongoing delivery delays from Boeing, the airline showed resilience with an adjusted net income of $89 mi ...

Southwest Airlines (NYSE: LUV ) reported Q3 earnings Thursday morning, with a non-GAAP EPS of $0.15, beating expectations by $0.11. The company also had $6.87B in revenue, rising 5.2% YoY and $80M above expectations. Although Southwest beat estimates, it onlyHarrison is a financial analyst who has been writing on Seeking Alpha since 2018 and has closely followed the market for over a decade. He has professional experience in the private equity, real estate, and economic research industry. Harrison also has ...

Southwest Airlines ended a bitter boardroom battle with Elliott Investment Management on Thursday in a deal that will put half a dozen new directors on the carrier’s board to oversee its planned turnaround.The agreement came as the carrier reported a surprise third-quarter profit, benefiting from improved pricing and demand, as well as rebookings from passengers stranded due to the global cyber outage in July.As part of the deal, CEO Bob Jordan will retain his job but Executive Chairman Gary Kelly will leav ...

Southwest Airlines (LUV) reported $6.87 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 5.3%. EPS of $0.15 for the same period compares to $0.38 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $6.8 billion, representing a surprise of +1.08%. The company delivered an EPS surprise of +200.00%, with the consensus EPS estimate being $0.05.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings ...

Key TakeawaysSouthwest Airlines announced a resolution to its discussions with activist investor Elliott Investment Management that adds six new directors to the company's board.The carrier also reported third-quarter results that came in better than expected on the top and bottom lines.Southwest also plans to buy back $250 million in stock in the fourth quarter after announcing a new $2.5 buyback program last month. Southwest Airlines (LUV) announced a settlement with Elliott Investment Management Thursday ...

Southwest Airlines (LUV) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.38 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 200%. A quarter ago, it was expected that this airline would post earnings of $0.50 per share when it actually produced earnings of $0.58, delivering a surprise of 16%.Over the last four quarters, the company has ...

Reconstituted Board to Select a New Independent ChairGregg Saretsky to Chair Refreshed Finance CommitteeCompany Enters Into Cooperation and Information Sharing Agreements with ElliottDALLAS, Oct. 24, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) ("Southwest" or the "Company") today announced the appointments of David Cush, Sarah Feinberg, Dave Grissen, Gregg Saretsky and Patricia Watson as independent directors of the Board in connection with Cooperation and Information Sharing Agreements (the "Ag ...

A Southwest Airlines plane takes off from Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta, Georgia, US, on Friday, July 12, 2024.Southwest Airlines third-quarter profit fell from a year ago but topped Wall Street estimates while the carrier workers to drum up revenue and fend off activist investor Elliott Investment Management.The Dallas-based carrier on Thursday forecast unit revenue for the fourth quarter up 3.5% to 5.5% on a 4% drop in capacity compared with a year ago. It said costs, e ...

DALLAS, Oct. 24, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) (the "Company") today reported its third quarter 2024 financial results:Net income of $67 million, or $0.11 per diluted shareNet income, excluding special items1, of $89 million, or $0.15 per diluted shareRecord third quarter operating revenues of $6.9 billionLiquidity2 of $10.4 billion, well in excess of debt outstanding of $8.0 billionAnnounced a $250 million accelerated share repurchase program under the Company's $2.5 billion share ...

财务表现 - 第三季度营业收入创历史新高达69亿美元，同比增长5.3%[1] - 第三季度客运收入创历史新高达63亿美元，同比增长5.7%[1] - 第三季度单位营收同比增长2.8%，处于公司此前指引范围的较好水平[3] - 第三季度经济燃油成本为每加仑2.55美元，在公司此前指引范围内[5] - 第三季度非燃油成本同比增长14.3%，单位非燃油成本同比增长11.6%[9] - 第三季度营业收入为68.7亿美元，同比增长5.3%[24] - 第三季度净利润为0.67亿美元，同比下降65.3%[24] - 第三季度每股收益为0.11美元，同比下降64.5%[24] - 前三季度营业收入为205.53亿美元，同比增长6.7%[24] - 前三季度净利润为2.04亿美元，同比下降71.5%[24] - 前三季度每股收益为0.34美元，同比下降70.4%[24] - 第三季度燃油费用为14.17亿美元，同比下降9.4%[25] - 第三季度剔除特殊项目的燃油费用为14.36亿美元，同比下降7.5%[25] - 第三季度剔除燃油费用和特殊项目的营业费用为53.84亿美元，同比增长14.3%[25] - 前三季度剔除燃油费用和特殊项目的营业费用为158.77亿美元，同比增长15.3%[25] - 公司三季度收益总计为2.69亿美元，同比下降70.5%[26] - 公司三季度营业收入为15.34美分/可用座公里，同比增长2.7%[27] - 公司三季度营业成本(不含燃油费、特殊项目和利润分享)为11.87美分/可用座公里，同比增长7.5%[27] - 公司三季度净利润为2.04亿美元，同比下降71.5%[26] - 公司三季度每股摊薄收益为0.34美元，同比下降70.4%[27] 运营数据 - 第三季度客座率为85.5%，同比下降1.1个百分点[28] - 第三季度每航段平均收益为14.11美分，同比增长3.2%[28] - 第三季度每可用座公里收益为13.89美分，同比增长2.6%[28] - 第三季度每可用座公里成本为15.34美分，同比增长2.7%[27] - 第三季度运营收益率为4.5%，同比下降5.1个百分点[28] - 三季度收入旅客人数为35,516,000人,同比增长0.5%[29] - 三季度可用座位英里数为45,219百万,同比增长2.4%[29] - 三季度平均客票价格为175.97美元,同比增长5.2%[29] - 三季度每可用座位英里收益为15.19美分,同比增长2.8%[29] - 三季度每可用座位英里成本为15.11美分,同比增长4.1%[29] - 三季度不含燃油和特殊项目的每可用座位英里成本为11.95美分,同比增长11.2%[29] - 三季度燃油成本(含税)为每加仑2.50美元,同比下降13.5%[29] - 截至2024年9月30日,公司共有811架飞机,同比下降0.7%[29] 财务状况 - 公司截至2024年9月30日拥有94亿美元的现金及现金等价物和短期投资，并有10亿美元的可用循环信贷额度[1] - 公司拥有价值约171.1亿美元的未抵押资产,其中包括142.2亿美元的飞机价值和29亿美元的非飞机资产[1] - 公司截至2024年9月30日的净现金头寸为14亿美元,杠杆率为46%[1] - 公司已于2024年9月30日前向股东支付4.31亿美元的股息[1] - 公司将启动2.5亿美元的加速股票回购计划,剩余25亿美元的回购额度[1] - 2024年第三季度经营活动产生的现金流为113百万美元[32] - 2024年前三季度经营活动产生的现金流为-14百万美元[32] - 2024年第三季度资本支出为517百万美元[32] - 2024年前三季度资本支出为1,594百万美元[32] - 2024年第三季度支付的现金股利为216百万美元[32] - 2024年前三季度支付的现金股利为431百万美元[32] - 2024年9月30日现金及现金等价物余额为8,503百万美元[32] - 2024年9月30日调整后债务占投入资本的比率为46%[40] 未来展望 - 预计第四季度单位营收同比增长3.5%至5.5%，容量同比下降约4%[4] - 预计2024年全年资本支出约为21亿美元，主要由于波音交付延迟导致飞机采购支出下降[13] - 公司与波音就飞机交付延迟的财务影响进行持续沟通[13] - 公司计划2024年退役约41架飞机，主要为737-700型机[11] - 公司预计2025年至2027年年度容量增长将在1%至2%之间[12] 其他 - 公司获得《华尔街日报》最佳管理公司的称号[1] - 公司的联名信用卡被评为客户满意度最高的航空公司联名信用卡[1] - 公司的可再生能源投资组合公司SAFFiRE Renewables在堪萨斯州立项建设生产设施,标志着其将玉米秸秆转化为可再生航空燃料的重要一步[1] - 公司在2024年第三季度偿还了1100万美元的债务和融资租赁义务[1] - 公司获得多项ESG相关的认证和奖项[2][3][4] - 公司2024年前12个月的非GAAP税率为24.3%[30] - 公司2024年