SOUTHWEST AIRLINES FLIGHT ATTENDANTS RATIFY NEW CONTRACT

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Southwest Airlines (LUV) stock tumbles after missing Q1 earnings, revenue expectations

April 25, 2024 6:53 AM EDT

Southwest Airlines (NYSE: LUV) shares plummeted 9.6% following a first-quarter earnings and revenue report that fell short of Wall Street expectations. The airline reported a loss of $0.36 per share, which was slightly below the analyst estimate of a $0.33 loss per share. Revenue for the quarter was also below the consensus estimate, coming in at $6.3 billion against expectations of $6.42 billion.

Despite the miss, the company achieved a record for operating revenues in the first quarter, signaling a robust demand for air travel. However, this was... More