Southwest Airlines Posts Record Revenue. Why the Stock Is Falling.
Southwest Airlines stock was falling on Thursday after the carrier’s fourth-quarter revenue and forward guidance both came in a little short of Wall Street’s expectations. Shares fell 2.7% to $30.80 in premarket trading.
Southwest Airlines Reports Record Revenue Of $27.6 Billion In 2024
The airline ended Q4 2024 and full-year with net income of $261 million and $465 million, respectively. Its revenues were $6.9 billion in Q4 2024 and $27.5 billion in 2024, with liquidity of $9.7 billion being well in excess of its debt of $6.7 billion.
Southwest Airlines makes a harsh cost-cutting move
In the midst of the airline’s financial woes, the company just revealed that it will be making some major changes in an effort to cut costs. According to a new report from CNBC, Southwest Airlines is putting a freeze on corporate hiring and promotions.
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 beats profit expectations, missed on revenue
Southwest Airlines (LVU) put in a solid performance in the fourth quarter and forecast above-consensus revenue per available seat mile for the current quarter as the carrier absorbed surplus capacity across the industry with greater aircraft efficiency and higher airfares.
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.
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.
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.
Southwest Airlines pilot arrested just before takeoff and accused of DUI
A Southwest Airlines pilot suspected of being drunk was removed from the cockpit and arrested just before takeoff Wednesday ...
Woman Kicked Off Southwest Airlines Flight Over Pet Cat's 'Smell'
A woman claimed in a viral social media post that she was kicked off a Southwest Airlines flight after her pet cat defecated due to stress during a rough landing. Newsweek reached out to Southwest ...
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 ...
The Wall Street Journal on MSN7h
Southwest Airlines 4Q Revenue Higher on Holiday Activity, Strong Travel Demand Seen Continuing
Southwest's results echo sentiments laid out by Delta Air Lines, which reported quarterly results earlier in the month. Delta said demand accelerated throughout the fourth quarter, with a handful of ...
ABC76h
Many feared dead after American Airlines regional jet, Army helicopter collide near DC airport
Figure skaters and coaches returning from the national championships were aboard the American Airlines flight that collided ...
Southwest risks regulatory scrutiny after including adjusted revenue with quarterly numbers
Southwest Airlines Co. may be at risk of a comment letter from the Securities and Exchange Commission after including ...