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0 -0.00525394045534146 -0.00210157618213656 0.00560420315236428 0.00174781085814364 0.00560420315236428 0.034676007005254 0.027246935201401
Stock impact report

Southwest's stock rallies after narrower-than-expected loss, but revenue misses [MarketWatch]

Southwest Airlines Company (LUV) 
Last southwest airlines company earnings: 4/28 06:00 am Check Earnings Report
US:NYSE Investor Relations: investors.southwest.com
Company Research Source: MarketWatch
Shares of Southwest Airlines Co. rallied 4.0% in premarket trading Tuesday, after the air carrier reported a narrower-than-expected loss, while revenue fell more than forecast. The company swung to a net loss of $94 million, or 18 cents a share, from net income of $387 million, or 70 cents a share, in the year-ago period. Excluding non-recurring items, the adjusted per-share loss was 15 cents, beating the FactSet loss consensus of 37 cents. Revenue fell 18% to $4.23 billion, below the FactSet consensus of $4.52 billion, citing sharp decline in demand and bookings starting in late February, and an "unprecedented" level of trip cancellations in March. Load factor fell to 67.7% from 81.0% to miss expectations of 78.4%. The company said passenger demand and booking have continued to be weak in April, with revenue expected to decrease 90% to 95% from a year ago and load factor is estimated to be about 6%. For May, revenue is expected to decline 90% to 95% and load factor is expected to be Show less Read more
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