Why Southwest Airlines Stock Is Flying Lower Today [Yahoo! Finance]
Southwest Airlines Company (LUV)
Last southwest airlines company earnings: 4/28 06:00 am
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US:NYSE Investor Relations:
investors.southwest.com
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Source: Yahoo! Finance
Shares of Southwest were down 10% as of 10:30 a.m. ET following the company's disappointing earnings release. Tough choices because of a difficult supplier Southwest is famously an all-Boeing fleet, relying exclusively on the aerospace giant 's workhorse 737 line. Unfortunately, the 737 has had a lot of issues of late. The MAX generation planes were grounded for 18 months in 2019-2020 after a pair of fatal crashes and recent quality issues forced the company to slow production and push back new model certifications Fewer planes mean slower growth for Southwest. On Tuesday, the company announced it lost $0.36 per share in the quarter on revenue of $6.33 billion. The first quarter is historically a weak one, but the results were worse than the $0.34-per-share loss on sales of $6.42 billion that Wall Street had expected. Southwest said it as cutting service to airports in Houston; Syracuse, New York; Bellingham, Washington; and Cozumel, Mexico, due to a lack of planes and intends
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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