Southwest Airlines (LUV) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.37 per share a year ago.
The carrier reported fourth-quarter earnings of 56 cents a share on revenue of $6.3 billion.
Carrier's overall expenses dropped nearly 8%.
U.S. budget carrier Southwest Airlines' fourth-quarter profit surpassed Wall Street estimates on Thursday, helped by robust travel demand and improved airfares.
LUV's fourth-quarter 2024 revenues are expected to have been aided by upbeat travel demand and benefits from its revenue management techniques.
Southwest (LUV) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Southwest (LUV) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The Transportation Department is stepping up enforcement of persistent flight delays with a lawsuit against Southwest Airlines and a fine against Frontier Airlines.The agency said the U.S. District Court lawsuit it filed in California on Wednesday alleges that Southwest illegally operated chronically delayed flights and disrupted passengers' travel plans. It says it's seeking “maximum civil penalties.
Southwest Airlines (LUV) is lower in premarket trading, after Citi downgraded the stock to "sell" from "neutral," and cut its price target to $29.50 from $31.50.
U.S. stock futures were higher this morning, with the Dow futures gaining around 0.1% on Thursday.
The Biden administration on Wednesday sued Southwest Airlines, accusing the carrier of illegally operating multiple chronically delayed flights and disrupting passengers' travel. The Transportation Department said in its civil suit filed with the Justice Department that the carrier had operated unrealistic schedules, and said it is seeking maximum civil penalties.
NEW YORK, NY / ACCESSWIRE / January 15, 2025 / Rosen Law Firm, a global investor rights law firm, announces it is investigating potential breaches of fiduciary duties by the directors and officers of Southwest Airlines Co. (NYSE:LUV) in connection with Southwest Airlines' information technology infrastructure impacting the Company's business, operations, and stock price. If you currently own shares of Southwest Airlines stock, please visit the firm's website at Click Here more information.