UPDATE 2-Southwest ekes out profit as bookings offset MAX groundings; Newark operations ceased [Reuters]
Southwest Airlines Company (LUV)
Last southwest airlines company earnings: 4/28 06:00 am
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Source: Reuters
Southwest ekes out profit as bookings offset MAX groundings; Newark operations ceased - Reuters 3 Min Read (Reuters) - Southwest Airlines Co ( LUV.N ) eked out a small profit in the second quarter on Thursday as strong bookings offset the financial blow of the grounding of Boeing 737 MAX jets, which forced the carrier to cease operations at Newark Liberty International airport. Southwest, the world’s largest user of the 737 MAX with 34 planes and dozens more on order, said it would be consolidating its New York City presence at LaGuardia beginning Nov. 3, as it extends MAX-related cancellations until Jan. 5, 2020. Earnings for the company at Newark airport in New Jersey came in below expectations. The airline had previously removed the MAX jets from its flying schedule through early November. Shares in Southwest sank about 5% in premarket trading. Boeing Co’s ( BA.N ) top-selling jet was grounded worldwide in March following two fatal crashes in Ethiopia and Indonesia that killed
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Earnings
- 4/25/24 - Miss
LUV
Sec Filings
- 4/26/24 - Form 10-Q
- 4/25/24 - Form 8-K
- 4/5/24 - Form ARS
- LUV's page on the SEC website