Southwest Reports First Quarter 2020 Results
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Southwest Airlines (LUV) Tops Q1 EPS by 26c, Revenues Miss
April 28, 2020 6:07 AM EDTSouthwest Airlines (NYSE: LUV) reported Q1 EPS of ($0.15), $0.26 better than the analyst estimate of ($0.41). Revenue for the quarter came in at $4.23 billion versus the consensus estimate of $4.42 billion.
First quarter net loss of $94 million and $.18 net loss per diluted shareExcluding special items1, net loss of $77 million and $.15 net loss per diluted shareFirst quarter operating revenues of $4.2 billion, down 17.8 percent year-over-yearCapital returns of $639 million to Shareholders through share repurchases and dividends during first quarter; dividends and share repurchase programs suspended until further noticeReturn on invested capital (ROIC)1 pre-tax of 18.1... More