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Stock impact report

SOUTHWEST AIRLINES REPORTS FIRST QUARTER 2024 RESULTS

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: PR Newswire
DALLAS, April 25, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) (the "Company") today reported its first quarter 2024 financial results:Net loss of $231 million, or $0.39 loss per diluted shareNet loss, excluding special items1, of $218 million, or $0.36 loss per diluted shareRecord first quarter operating revenues of $6.3 billionLiquidity2 of $11.5 billion, well in excess of debt outstanding of $8.0 billionBob Jordan, President and Chief Executive Officer, stated, "While it is disappointing to incur a first quarter loss, we exited the quarter with healthy profits and margins in the month of March. We are focused on controlling what we can control and have already taken swift action to address our financial underperformance and adjust for revised aircraft delivery expectations. I want to thank our more than 74,000 Employees for their continued Warrior Spirit to maintain a reliable and resilient operation as we adapt to aircraft delivery constraints and adjust to slower than Show less Read more
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