Southwest Airlines Company
- Southwest Airlines increased 2.4% to $27.25 after the regional airline reported better-than-expected second-quarter results.
Total operating revenue increased 4.5% to $7.4 billion from $7.0 billion, net income plunged 46% to $367 million from $683 million, and diluted earnings per share dropped to 58 cents from $1.08 a year ago.
The airline warned that its revenue per average seat mile may fall and nonfuel costs may jump by as much as 13% in the current quarter from a year ago.
Jul 25, 2024 - Southwest Airlines plunged 7% to $27.0 after the regional airline reported a wider-than-expected loss in the first quarter, and the company said it anticipates fewer plane deliveries from Boeing.
Revenue in the first quarter increased 11% to $6.3 billion, net loss expanded to $231 million from $159 million, and diluted loss per share increased to 39 cents from 27 cents a year ago.
The airline said it expects to receive a total of 20 Boeing 737 Max 8 airplanes compared to its previous estimate of 46 planes in 2024, and the company plans to delay retiring some of its older planes and look for ways to cut costs.
Apr 25, 2024 - Southwest Airlines declined 2.2% to $23.60 after the regional airline reported lower-than-expected revenue of $6.53 billion, and the company said it plans to trim its capacity growth after demand growth returns to pre-pandemic levels.
Revenue increased 4.9% to $6.53 billion from $6.22 billion, net income declined 30.3% to $193 million from $277 million, and diluted earnings per share fell to 31 cents from 44 cents a year ago.
The company lowered its first quarter capacity growth to between 10% and 12% from the previous estimate of between 14% and 16%, resulting in full-year 2024 capacity growth in the range of 6% and 8%.
The airline reiterated its 2023 capital spending estimate of $3.5 billion, including $2.3 billion in aircraft capital spending, assuming approximately 85–8 aircraft deliveries in 2023, and $1.2 billion in non-aircraft capital spending, including the winter operations plan.
Last winter, Southwest was forced to halt all flights after a winter storm and technological slip-ups led to a cascade of flight cancellations for a few days.
The company reiterated its total annual capital spending to be approximately $4 billion, on average, for the five years 2023 through 2027.
Oct 26, 2023 - Southwest Airlines Co declined 3.2% to $29.82 after the regional airline estimated August bookings were near the "lower-end" of the company's expectations.
The airline also added third quarter revenue per seat mile is likely to be near the low end of its previous estimate.
Sep 6, 2023 - Southwest Airlines Company declined 2.3% to $32.60 and extended a 4-day loss after the regional airline reported mixed quarterly results.
Revenue in the second quarter increased 4.6% to $7.6 billion from $6.7 billion and net income fell 10.1% to $683 million from $760 million and diluted earnings per share dropped to $1.08 from $1.20 a year ago.
The company guided revenue per available set miles in the third quarter declined between 3% and 7% because of tough comparison with the previous year's demand driven by pent-up demand for travel after the ending of Covid restrictions.
Aug 3, 2023
| Year | Mar | Jun | Sep | Dec | Annual | |
|---|---|---|---|---|---|---|
| 2023 | -0.27 | 1.08 | 0.31 | - | - | |
| 2022 | -0.47 | 1.2 | 0.44 | -0.30 | 0.87 | |
| 2021 | 0.19 | 0.57 | 0.73 | 0.12 | 1.61 | |
| 2020 | -0.18 | -1.63 | -1.96 | -1.67 | -5.44 | |
| 2019 | 0.7 | 1.37 | 1.23 | 0.97 | 4.27 | |
| 2018 | 0.79 | 1.27 | 1.08 | 1.15 | 4.29 | |
| 2017 | 0.61 | 1.24 | 0.88 | 0.77 | 3.5 | |
| 2016 | 0.88 | 1.19 | 0.93 | 0.74 | 3.74 | |
| 2015 | 0.66 | 1.03 | 0.94 | 0.90 | 3.53 | |
| 2014 | 0.22 | 0.67 | 0.48 | 0.27 | 1.64 | |
| 2013 | 0.08 | 0.31 | 0.37 | 0.29 | 1.05 | |
| 2012 | 0.13 | 0.30 | 0.02 | 0.11 | 0.56 | |
| 2011 | 0.01 | 0.21 | -0.18 | 0.19 | 0.23 | |
| 2010 | 0.01 | 0.15 | 0.27 | 0.18 | 0.61 | |
| 2009 | -0.12 | 0.12 | -0.02 | 0.15 | 0.13 | |
| 2008 | 0.05 | 0.44 | -0.16 | -0.09 | 0.24 | |
| 2007 | 0.12 | 0.36 | 0.22 | 0.14 | 0.84 | |
| 2006 | 0.07 | 0.40 | 0.06 | 0.08 | 0.61 | |
| 2005 | 0.07 | 0.18 | 0.26 | 0.09 | 0.6 |