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Results from 'Magnificent Seven' duo show cloud revenue boosted by strong AI demand

Southwest Airlines Co. (LUV) Beats Q3 Earnings, Revenues

Zacks Equity Research
Updated

Southwest Airlines Co. LUV is a low-cost passenger carrier that provides scheduled air transportation in the United States. The carrier also plans to expand its international operations to 50 international destinations. Recently, it completed the acquisition of AirTran Holdings, which now operates as a wholly owned subsidiary under the name AirTran Airways.

Lower fuel prices, continuous expansion of routes and wining of slots at the Reagan and LaGuardia airports will certainly boost its capacity and network presence. Meanwhile, integration of AirTran will boost Southwest Airlines’ operational and financial performance.

Currently, Southwest Airlines has a Zacks Rank #2 (Buy), but that could change following Southwest Airlines’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: Southwest Airlines beat earnings. Our consensus earnings estimate called for EPS of 92 cents per share, and the company reported EPS of 94 cents instead. Investors should note that these figures take out stock option expenses.

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Revenue: Southwest Airlines reported revenues of $5,318 million. This surpassed our consensus estimate of $5,102 million.

Key Stats to Note: In the reported quarter, Passenger revenue per available seat mile (PRASM) fell 4% year over year while load factor increased 1%.

Check back later for our full write up on this Southwest Airlines earnings report later!

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SOUTHWEST AIR (LUV): Free Stock Analysis Report
 
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Zacks Investment Research