Southwest Reports First Quarter Profit
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April 27, 2018 9:26 AM EDT
Deutsche Bank lowered its price target on Southwest (NYSE: LUV) to $71.00 (from $75.00) while maintaining a Buy rating.
Analyst Michael Linenberg commented, "Southwests Mar Q results were essentially in-line on recently reduced expectations (flat RASM forecast vs. initial RASM guide of +1% to... More
April 27, 2018 8:41 AM EDT
Imperial Capital lowered its price target on Southwest (NYSE: LUV) to $68.00 (from $75.00) while maintaining a Outperform rating following the company's 1Q. In its earnings release on 4/26/18, LUV indicated 2Q18 RASM is expected decline 1-3%, including a 1-2% impact from the recent accident.
Management... More
April 26, 2018 6:32 AM EDT
Southwest Airlines (NYSE: LUV) reported Q1 EPS of $0.75, $0.01 better than the analyst estimate of $0.74. Revenue for the quarter came in at $4.9 billion versus the consensus estimate of $5.01 billion.
Cost Performance and OutlookFirst quarter 2018 total operating expenses increased 1.9 percent to $4.3 billion. Total operating expenses per available seat mile (CASM, or unit costs) increased 0.1 percent, as compared with first quarter 2017. Excluding special items in both periods, first quarter 2018 total operating expenses increased 1.9 percent to $4.4 billion, or 0.1 percent on a unit basis, year-over-year.
Effective January 1, 2018, the Company early adopted ASU No. 2017-12, Targeted Improvements to... More
