Friday, 27 October 2023

Southwest Airlines (LUV) Q3 2023 Earnings: Key financials and quarterly highlights

by Rose White

Southwest Airlines Co. (NYSE: LUV) reported third quarter 2023 earnings results today.

Southwest Airlines (LUV) Q3 2023 Earnings: Key financials and quarterly highlights

Operating revenues increased 4.9% year-over-year to $6.5 billion.

Net income declined 30% to $193 million, or $0.31 per share, versus last year. Adjusted EPS was $0.38.

For the fourth quarter of 2023, the company expects unit revenues to be down 9-11% and capacity to be up around 21% year-over-year. CASM-X is expected to be down 16-19% YoY. Fuel costs are estimated to range between $2.90-3.00 per gallon.

Prior performance

The post Southwest Airlines (LUV) Q3 2023 Earnings: Key financials and quarterly highlights first appeared on AlphaStreet.

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