Southwest Airlines (LUV) Misses Q2 EPS by 3c, Revenue Beats
Southwest Airlines (NYSE: LUV) reported Q2 EPS of ($0.35), $0.03 worse than the analyst estimate of ($0.32). Revenue for the quarter came in at $4 billion versus the consensus estimate of $3.88 billion.
The following table presents selected revenue and load factor results for second quarter 2021:
| April 2021 | May 2021 | June 2021 | 2Q 2021 | |||||||||||||||||||||||
| Operating revenue compared with 2019 (a) | Down 42.2% | Down 34.7% | Down 20.7% | Down 32.2% | ||||||||||||||||||||||
| Previous estimation | Down ~42% | Down ~35% | Down ~20% | (b) | ||||||||||||||||||||||
| Load factor | 79.0% | 83.5% | 85.5% | 82.9% | ||||||||||||||||||||||
| Previous estimation | (c) | ~84% | ~85% | (b) | ||||||||||||||||||||||
(a) The Company believes that operating revenues compared with 2019 is a more relevant measure of performance than a year-over-year comparison due to the significant impacts in 2020 due to the pandemic.
(b) No previous estimation provided.
(c) Remains unchanged from previously provided estimation.
For earnings history and earnings-related data on Southwest Airlines (LUV) click here.