Southwest Airlines Co

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Other Pre-Announcement

Southwest Airlines Reports Q2 Earnings Of $1.20 Per Share

Published: 07/28/2022 10:48 GMT
Southwest Airlines Co (LUV) - Southwest Airlines - Q2 Operating Revenues $6.7 Billion, Up 13.9% Versus Q2 2019.
Quarterly Earnings per Share $1.20.
Quarterly Adjusted Earnings per Share $1.30.
Quarterly Load Factor 87.1% Versus 82.9%.
Quarterly Revenue Passenger Miles 32,523 Million Versus 27,689 Million.
Quarterly Rasm 18.03 Cents Versus 11.99 Cents.
Quarterly Available Seat Miles 37,322 Million Versus 33,414 Million.
Southwest Airlines - Travel Demand Surged in Q2, and Thus Far, Strong Demand Trends Continue in Q3 2022.
Southwest Airlines - Expect Inflationary Pressures and Headwinds From Operating at Suboptimal Productivity Levels Will Continue in H2 2022.
Southwest Airlines - Expect to Be Solidly Profitable for Remaining 2 Qtrs of This Year, and for FY 2022.
Southwest- Plan to Continue Hiring, Training Efforts in Specific Areas, in Particular, Pilots With Plans to Add Over 10,000 Employees, Net of Attrition, This Year.
Southwest Airlines - Experiencing Delays in Aircraft Deliveries From Boeing, Now Estimate 2022 Deliveries to Be 66 Versus Previously Expected 114.
Southwest Airlines - Currently Estimating It Will Receive Total of 66 -8 Aircraft Deliveries and No -7 Deliveries in 2022.
Southwest Airlines - While Co is Contractually Scheduled to Receive 114 Max Deliveries, This Year, a Portion of Deliveries Expected to Shift Into 2023.
Southwest Airlines - Ended Q2 2022 With $16.4 Billion in Cash and Short-term Investments.