Southwest Airlines Costs Set to Climb, Muting Strong Demand
Southwest Airlines Co. warned that costs will climb faster than expected as it grapples with heavy labor expenses, undercutting gains from strong demand for leisure travel.Non-fuel unit costs will rise as much as 9% in the first quarter after an 11% jump in the final months of last year,
Southwest Airlines expects slower pace of cost increases in 2025
Southwest Airlines said Thursday that it faces higher costs in 2025 as inflation persists, but it managed to swing to a fourth-quarter profit due to a boost from lower fuel prices.
Southwest Airlines Profit Exceeds Expectations on Improved Pricing Power
The airline also forecast better-than-expected unit revenue (RASM), a proxy for pricing power, for the first quarter. Airlines across the U.S. have cut seating to boost fares after a surplus capacity, introduced last summer in anticipation of a demand surge, forced airlines to offer discounts and sacrifice margins.
Southwest Airlines' Profit Tops Estimate
Prominent U.S. airline Southwest Airlines (NYSE:LUV) reported mixed fourth-quarter earnings on Thursday, Jan. 30. Adjusted EPS of $0.56 surpassed analyst consensus expectations of $0.46, showing a robust 21.7% outperformance. Operating revenue of $6.93 billion slightly missed the forecasted $6.96 billion.
Southwest Airlines swings to a profit as fuel costs drop
Southwest Airlines said Thursday it swung to a fourth-quarter profit of 42 cents a share from a year-ago loss of 42 cents a share, as overall expenses fell on lower fuel costs. Southwest’s stock fell 2.
Deadly American Airlines-helicopter collision highlights concerns with crowded U.S. airspace
Airline executives have pushed the government to modernize air traffic control and alleviate congestion in some of the ...
Why the SEC might have an issue with Southwest’s earnings
Southwest Airlines Co. may be at risk of a comment letter from the Securities and Exchange Commission after including ...
Southwest CEO Offers Condolences During Investor Call
Southwest Airlines Chief Executive Bob Jordan opened the company’s fourth-quarter earnings call Thursday by offering his ...
Southwest Airlines gets revenue boost on leisure travel, but labor costs weigh on outlook
A downbeat outlook tarnished an otherwise strong quarter for Southwest, which topped profit estimates on robust holiday travel.
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Southwest Airlines sued by plan participants over ‘disastrous’ performance of its 401(k) funds
The class action lawsuit, filed on behalf of 60,000 plan participants, alleges the airline failed to replace a “chronically underperforming” large-cap fund holding over $2 billion in retirement plan ...
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Southwest Posts Profit Fueled by Strong Holiday Bookings
Despite pressure to cut costs and an activist investor campaign, Southwest reported a healthy profit for the fourth quarter.
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What’s Fueling Southwest Airlines Co (LUV) Stock’s 7.23% Gain Above Its 200-Day SMA?
Southwest Airlines Co (LUV) stock saw a decline, ending the day at $31.65 which represents a decrease of $-0.20 or -0.63% from the prior close of $31.85. The stock opened at $31.95 and touched a low ...
LUV Earnings: Southwest Airlines Stock Slips on Mixed Q4 Results
Southwest Airlines (LUV) stock is down today despite the air travel company beating Q4 2024 profit estimates. The company’s earnings per share ...
Lawmakers express worry about 'complex airspace' after deadly D.C. plane crash
Last year, senators from Virginia and Maryland sounded the alarm over congestion in the skis above Washington.