Reports Q1 revenue $6.33B, consensus $6.42B. Bob Jordan, president and CEO, stated, “While it is disappointing to incur a first quarter loss, we exited the quarter with healthy profits and margins in the month of March. We are focused on controlling what we can control and have already taken swift action to address our financial underperformance and adjust for revised aircraft delivery expectations. I want to thank our more than 74,000 Employees for their continued Warrior Spirit to maintain a reliable and resilient operation as we adapt to aircraft delivery constraints and adjust to slower than planned growth for this year and next.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LUV:
- SOUTHWEST AIRLINES REPORTS FIRST QUARTER 2024 RESULTS
- Southwest put volume heavy and directionally bearish
- Southwest price target lowered to $30 from $34 at BofA
- Southwest Airlines now expects only 20 Boeing aircraft deliveries, Reuters says
- Airlines, unions urge Biden to halt approval of more China flights, Reuters says