Southwest Airlines Co

NYSE:LUV   4:00:00 PM EDT
30.63
+0.48 (+1.59%)
7:59:56 PM EDT: $30.79 +0.16 (+0.52%)
Other Pre-Announcement

Southwest Airlines Sees Q1 Net Loss

Published: 01/26/2023 11:46 GMT
Southwest Airlines Co (LUV) - ​qtrly Loss per Share $0.37.
Qtrly Adjusted Loss per Share $0.38.
​qtrly Operating Revenues $6.17 Billion, Up 22.2%.
Southwest Airlines Co Q4 Earnings per Share View $-0.12, Revenue View $6.16 Billion -- Refinitiv Ibes Data (analyst estimates).
Incurred Q4 Pre-tax Negative Impact of About $800 Million Due to Operational Disruptions and Flight Cancellations in Late Dec.
Sees Q1 Net Loss, But Encouraged by Current Booking Trends in March After Deceleration for Jan and Feb Travel.
Sees Q1 Operating Revenue Up 20% to 24% Yoy.
Estimates Negative Revenue Impact of $300 Million to $350 Million in Q1.
Southwest Airlines Co Q1 Earnings per Share View $0.19, Revenue View $5.88 Billion -- Refinitiv Ibes Data (analyst estimates).
Experienced Rise in Flight Cancellations for Jan and Feb Travel.
March Leisure Booking and Yield Trends Appear Strong.
Sees Q1 Asms Up About 10% Yoy.
Sees Q1 Casm-x Up 2% to 4% Yoy.
Sees Q1 Economic Fuel Costs per Gallon $3.25 to $3.35.
Sees 2023 Asms Up 16% to 17% Yoy.
Sees 2023 Casm-x Down 6% to 8% Yoy.
Sees 2023 Economic Fuel Costs per Gallon $2.90 to $3.2023 Plan Continues to Support Solid Profits With Yoy Margin Expansion.
Qtrly Load Factor 83.5% Versus 81%.
Qtrly Available Seat Miles 37,490 Million Versus 36,690 Million.
Qtrly Rasm 16.46 Cents Versus 13.77 Cents.