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 ...
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 ...
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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 ...
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 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.
Southwest Airlines Q4: EPS Beats, Revenue Misses, CEO Highlights Growth Strategy & Efficiency Goals
Southwest Airlines reported mixed Q4 2024 results and exceeding guidance for new aircraft acquisitions and cost reduction targets.
Southwest says plans to repurchase $2.25B of stock this year
Southwest (LUV) executives stated on the company’s earnings call: “We are taking immediate actions to accelerate as much of the $500M of ...
Pilots Warned of Dangerous Increase in Near Misses at U.S. Airports Before American Airlines Crash
On Jan. 29, a CRJ700 regional plane collided with an Army Black Hawk Helicopter over Washington, D.C. There are not believed ...