Negative
20Serious
Neutral
Optimistic
Positive
- Total News Sources
- 13
- Left
- 3
- Center
- 4
- Right
- 2
- Unrated
- 4
- Last Updated
- 38 min ago
- Bias Distribution
- 31% Center
Southwest Airlines reported a third-quarter profit of $67 million, or $0.11 per share, a significant decrease from $193 million, or $0.31 per share, a year ago, yet it exceeded Wall Street predictions of breaking even. Adjusted earnings were $89 million or $0.15 per share, surpassing analysts' expectations of zero cents per share. Despite the profit drop, revenue rose 5.3% to a record $6.87 billion, driven by improved pricing and demand amid global challenges, including a cyber outage in July. The carrier anticipates a 3.5% to 5.5% increase in fourth-quarter unit revenue despite a 4% capacity reduction. Southwest has been actively managing costs and is in discussions with Elliott Investment Management for potential strategic changes. The airline's shares rose in response to better-than-expected results and ongoing efforts to restore profitability.
- Total News Sources
- 13
- Left
- 3
- Center
- 4
- Right
- 2
- Unrated
- 4
- Last Updated
- 38 min ago
- Bias Distribution
- 31% Center
Negative
20Serious
Neutral
Optimistic
Positive
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