Southwest Airlines Reports Growth in Q1 2024 Earnings with $6.3 Billion in Revenues

Thursday, 25 April 2024, 11:09

Southwest Airlines (NYSE: LUV) posted a 10.9% year-over-year revenue increase in Q1 2024, reaching $6.3 billion. However, the company reported a net loss of $231 million, or $0.39 per share, compared to $159 million in the same period last year. Looking ahead to Q2 2024, Southwest anticipates a slight decline in unit revenue and significant capacity growth.
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Southwest Airlines Reports Growth in Q1 2024 Earnings with $6.3 Billion in Revenues

Southwest Airlines LUV Q1 2024 Earnings: Highlights

  • Total operating revenues surged by 10.9% year-over-year to $6.3 billion.
  • Net loss amounted to $231 million, or $0.39 per share, in contrast to $159 million, or $0.27 per share, in the previous year.
  • Adjusted loss stood at $0.36 per share.

For Q2 2024, Southwest projects unit revenue to decrease by 1.5-3.5% while capacity is set to rise by 8-9% YoY.


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.


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