Southwest Airlines Co

NYSE:LUV   3:59:59 PM EDT
+0.90 (+1.81%)
Positive Earnings Pre-Announcement

Southwest Airlines Reports Q2 Loss Excluding Special Items Of $0.35/Share

Published: 07/22/2021 10:48 GMT
Southwest Airlines Co (LUV) - Quarterly Earnings per Share $0.57.
Quarterly Loss per Share Excluding Special Items $0.35.
Quarterly Operating Revenue $4.01 Billion Versus $1.01 Billion.
Q2 Earnings per Share View $-0.23, Revenue View $3.94 Billion -- Refinitiv Ibes Data (analyst estimates).
Quarterly Revenue Passenger Miles 27.69 Billion Versus 5.61 Billion.
Quarterly Available Seat Miles 33.41 Billion Versus 17.89 Billion.
Quarterly Load Factor 82.9% Versus 31.4%.
Quarterly Operating Revenue per Asm 11.99 Cents, Down 18.9% Versus Q2 2019.
Quarterly Total Operating Expenses Up 59.9% to $3.4 Billion.
Quarterly Economic Fuel Costs Were $1.92 per Gallon Versus $1.33 per Gallon.
Southwest Airlines - Leisure Passenger Traffic in June 2021 Rebounded Above June 2019 Levels, While Passenger Fares Were Comparable.
Excluding Fuel and Oil Expense, Qtrly Operating Expenses Up 39%.
Southwest Airlines - Based on Current Bookings, Leisure Passenger Traffic and Fares in July Expected to Trend Higher Than July 2019 Levels.
Southwest Airlines - Continue to Experience Steady Weekly Improvements in Business Bookings, Thus Far, in July 2021.
Southwest Airlines - Currently Expect Higher Fuel Prices and Capacity-driven Cost Increases in Q3 2021.
Southwest Airlines - Expect to Recall Vast Majority of Employees Early From Voluntary Time-off by End of Q3 2021.
Southwest Airlines - Recall of Employees From Voluntary Time-off Expected to Reduce Prior Forecasted Savings From Voluntary Leave Programs Beyond Q2.
Revenue is expected to be $4.88 Billion
Adjusted EPS is expected to be $0.15

Next Quarter Revenue Guidance is expected to be $5.14 Billion
Next Quarter EPS Guidance is expected to be $0.38

More details on our Analysts Page.