Southwest loses $159 million first quarter

CorvetteMan

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Jul 7, 2022
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Net loss of $159 million, or $0.27 loss per diluted share
  • Net loss, excluding special items1, of $163 million, or $0.27 loss per diluted share
  • Record first quarter operating revenues of $5.7 billion
  • Liquidity2 of $12.7 billion, well in excess of debt outstanding of $8.0 billion

 
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Southwest (LUV) missed by a penny on earnings with unit revenue (RASM) down by 8.3% year-over year, even with record quarterly revenue of $7.0 billion. Operating margin was 11.3% -- considerably lower than UA/DL/AA.

They also expect RASM for Q3 to be down 3-7%, with capacity up 12% year-over-year.

Stock is down close to 10% today.

https://www.southwestairlinesinvestorre ... -114551151

Also found it interesting they said they would be reducing the number of short-haul and early AM flights because of reduced business demand.
 
Southwest (LUV) missed by a penny on earnings with unit revenue (RASM) down by 8.3% year-over year, even with record quarterly revenue of $7.0 billion. Operating margin was 11.3% -- considerably lower than UA/DL/AA.

They also expect RASM for Q3 to be down 3-7%, with capacity up 12% year-over-year.

Stock is down close to 10% today.

https://www.southwestairlinesinvestorre ... -114551151

Also found it interesting they said they would be reducing the number of short-haul and early AM flights because of reduced business demathe
Don't worry the 'TOOL' will be on here with his pom poms to flip the story anytime now.
 

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