Southwest Reports Record Second Quarter Revenues And Earnings Per Share
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Southwest Airlines (LUV) Tops Q2 EPS by 3c
July 25, 2019 6:47 AM EDTSouthwest Airlines (NYSE: LUV) reported Q2 EPS of $1.37, $0.03 better than the analyst estimate of $1.34. Revenue for the quarter came in at $5.91 billion versus the consensus estimate of $5.93 billion.
Cost Performance and Outlook:
Second quarter 2019 total operating expenses increased 3.6 percent, year-over-year, to $4.9 billion. Total operating expenses per ASM (CASM, or unit costs) increased 7.5 percent, compared with second quarter 2018. Excluding special items3, second quarter 2019 total operating expenses increased 3.5 percent to $4.9 billion, or 7.4 percent on a unit basis, year-over-year.
Second quarter 2019 economic fuel costs3 were $2.13 per gallon and included $.05 per gallon... More
