Advertisement
Canada markets close in 4 hours 35 minutes

  • S&P/TSX

    21,775.79
    -97.93 (-0.45%)
     

  • S&P 500

    5,008.40
    -63.23 (-1.25%)
     

  • DOW

    37,868.04
    -592.88 (-1.54%)
     

  • CAD/USD

    0.7299
    +0.0001 (+0.01%)
     

  • CRUDE OIL

    82.27
    -0.54 (-0.65%)
     

  • Bitcoin CAD

    87,071.59
    -1,823.27 (-2.05%)
     

  • CMC Crypto 200

    1,372.07
    -10.50 (-0.76%)
     

  • GOLD FUTURES

    2,346.30
    +7.90 (+0.34%)
     

  • RUSSELL 2000

    1,967.63
    -27.79 (-1.39%)
     

  • 10-Yr Bond

    4.7040
    +0.0520 (+1.12%)
     

  • NASDAQ

    15,441.57
    -271.18 (-1.73%)
     

  • VOLATILITY

    16.99
    +1.02 (+6.39%)
     

  • FTSE

    8,071.03
    +30.65 (+0.38%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • CAD/EUR

    0.6810
    -0.0009 (-0.13%)
     
BREAKING:

HONDA TO SET UP $15B EV PRODUCTION BASE IN CANADA

Automaker to get up to $5B in government assistance for EV battery, assembly plants

Southwest Airlines Co. (LUV) Meets Q4 Earnings, Misses 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. Earlier, 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 #1 (Strong Buy), but that could definitely 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 earnings inline. Our consensus earnings estimate called for EPS of 90 cents per share, and the company reported inline earnings. Investors should note that these figures take out stock option expenses.

ADVERTISEMENT

Revenue: Southwest Airlines reported revenues of $4,977 million. This missed our consensus estimate of $4,990 million.

Key Stats to Note: In the reported quarter, Revenue per available seat mile (RASM) stood at 14.07 cents, down 0.7% year over year. Moreover, the carrier expects RASM for first quarter 2016 to remain flat as compared with the first quarter of 2015.

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

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
SOUTHWEST AIR (LUV): Free Stock Analysis Report
 
To read this article on Zacks.com click here.