Southwest Airlines Reports 47th Consecutive Year Of Profitability
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January 27, 2020 7:39 AM EST
Raymond James analyst Savanthi Syth reiterated a Market Perform rating on Southwest (NYSE: LUV). The MAX uncertainty continues to dominate the narrative and limits visibility, with the most recent delay resulting in a 4% reduction of our 2020E EPS with 2021E unchanged.
Given the... More
January 23, 2020 6:32 AM EST
Southwest Airlines (NYSE: LUV) reported Q4 EPS of $1.16, $0.07 better than the analyst estimate of $1.09. Revenue for the quarter came in at $5.73 billion versus the consensus estimate of $5.72 billion.
Outlook:
The Company's fourth quarter 2019 total operating revenues increased 0.4 percent, year-over-year, to a fourth quarter record $5.7 billion, on 0.9 percent fewer available seat miles (ASMs, or capacity), year-over-year, due to the MAX groundings. Fourth quarter 2019 operating revenue per ASM (RASM, or unit revenues) increased 1.3 percent, year-over-year, driven primarily by another strong performance from our Rapid Rewards loyalty program, as well as a... More
