Southwest Airlines (LUV) Tops Q4 EPS by 6c
Get Alerts LUV Hot Sheet
Price: $29.19 -0.27%
Revenue Growth %: +13.2%
Financial Fact:
Passenger: 4.67B
Today's EPS Names:
SHIM, KOD, HEWA, More
Revenue Growth %: +13.2%
Financial Fact:
Passenger: 4.67B
Today's EPS Names:
SHIM, KOD, HEWA, More
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Southwest Airlines (NYSE: LUV) reported Q4 EPS of $0.14, $0.06 better than the analyst estimate of $0.08. Revenue for the quarter came in at $5.05 billion versus the consensus estimate of $5.03 billion.
Guidance and Outlook
The following tables present updated selected financial guidance for first quarter and full year 2022:
1Q 2022 Estimation | Previous estimation | |||||||||||||
Operating revenue compared with 2019 (a) | Down 10% to 15% | (e) | ||||||||||||
Load factor | 75% to 80% | (e) | ||||||||||||
ASMs compared with 2019 | Down ~9% | Down ~6% | ||||||||||||
Economic fuel costs per gallon4 | $2.25 to $2.35 | $2.05 to $2.15 | ||||||||||||
Fuel hedging premium expense per gallon | $0.06 | (f) | ||||||||||||
Fuel hedging cash settlement gains per gallon | $0.35 | $0.13 | ||||||||||||
ASMs per gallon (fuel efficiency) | Nominally in line with 4Q21 | (e) | ||||||||||||
CASM-X (b) compared with 20195 | Up 20% to 24% | Up 10% to 14% | ||||||||||||
Debt repayments (millions) | ~$60 | (f) | ||||||||||||
Interest expense (millions) | ~$90 | ~$110 | ||||||||||||
Aircraft (c) | 725 | 727 |
2022 Estimation | Previous estimation | |||||||||||||
ASMs compared with 2019 | Down ~4% | Down 3% to Up 2% | ||||||||||||
Economic fuel costs per gallon4 | $2.25 to $2.35 | $2.05 to $2.15 | ||||||||||||
Fuel hedging premium expense per gallon | $0.05 | (f) | ||||||||||||
Fuel hedging cash settlement gains per gallon | $0.28 | $0.10 | ||||||||||||
CASM-X (b) compared with 20195 | Up 12% to 16% | Up 8% to 12% | ||||||||||||
Debt repayments (millions) | ~$455 | (f) | ||||||||||||
Interest expense (millions) | ~$360 | ~$440 | ||||||||||||
Aircraft (c) | 814 | (f) | ||||||||||||
Effective tax rate | 23% to 25% | (e) | ||||||||||||
Capital spending (billions) (d) | ~$5.0 | (f) |
For earnings history and earnings-related data on Southwest Airlines (LUV) click here.
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