Southwest Airlines (LUV) Incurs Q1 Loss on Higher Expenses
LUVSouthwest Airlines(LUV) Zacks Investment Research·2024-04-26 02:11

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 6,329millionmissedtheZacksConsensusEstimateof6,329 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. Fi ...