Key Points for Southwest Airlines (LUV) Q1 2024 Earnings Report
Thursday, 18 April 2024, 17:32
Revenue
Analysts project a revenue increase to $6.4 billion in Q1 2024, up from $5.7 billion in Q1 2023. Operating revenues rose 10% YoY in Q4 2023 to $6.8 billion.
Earnings
Analysts predict a loss of $0.34 per share in Q1 2024, compared to a loss of $0.27 per share in Q1 2023. In Q4 2023, adjusted EPS was $0.37.
Points to Note
- Operational Performance: Southwest reports strong operational performance in Q1 2024.
- RASM: Expecting flat to 2% YoY in Q1 2024 due to improved completion factors and lower passenger volume.
- Revenue Projections: Forecasting record revenues for Q1 and Q2 with an expected net loss in Q1.
- Capacity and Expenses: Anticipating capacity increase and rising expenses per available seat mile in Q1 2024.
- Aircraft Deliveries: Projecting 46 Boeing 737-8 deliveries in 2024, adjusting schedules due to Boeing's challenges.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.