Southwest Reports Third Quarter Profit
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October 26, 2018 8:51 AM EDT
Imperial Capital analyst Michael Derchin lowered the price target on Southwest (NYSE: LUV) to $56.00 (from $66.00) while maintaining a In-Line rating following the company's 3Q earnings report. In its release on 10/25/18, LUV indicated FY19 CASM ex-fuel is expected to increase 3% due to necessary investments... More
October 25, 2018 6:33 AM EDT
Southwest Airlines (NYSE: LUV) reported Q3 EPS of $1.08, $0.01 better than the analyst estimate of $1.07. Revenue for the quarter came in at $5.58 billion versus the consensus estimate of $5.57 billion.
Revenue Results and Outlook
The Company's third quarter 2018 total operating revenues increased 5.1 percent, year-over-year, to a third quarter record $5.6 billion. Third quarter 2018 operating revenue per ASM (RASM, or unit revenues) increased 1.2 percent, year-over-year, driven largely by a passenger revenue yield... More
