Southwest Airlines reports news that sends its stock plunging [Yahoo! Finance]
Southwest Airlines Company (LUV)
Last southwest airlines company earnings: 4/28 06:00 am
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Source: Yahoo! Finance
At an Aril 25 earnings call, Southwest Airlines LUV announced a wider-than-expected loss of $231 million, or 39 cents a share, in the first three months of 2024 and a lowered growth capacity of 4% instead of the 6% it announced last year. Year-over-year, the airline's loss sits at $159 million. Related: Spirit lost a staggering amount of money during the summer period None of this was good for company stock which fumbled nearly 10% at the time the news was announced and was down 7.67% at $27 as of Thursday afternoon. Image source: Kevin Dietsch/Getty Images This is how much money Southwest Airlines lost last quarter “While it is disappointing to incur a first-quarter loss, we exited the quarter with healthy profits and margins in the month of March,” chief executive Bob Jordan said in a statement on the earnings. More Travel: A new travel term is taking over the internet (and reaching airlines and hotels) The 10 best airline stocks to buy now Airlines see a new kind
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LUV
Earnings
- 4/25/24 - Miss
LUV
Sec Filings
- 5/2/24 - Form 4
- 5/1/24 - Form 8-K
- 4/26/24 - Form 10-Q
- LUV's page on the SEC website