LUV - Southwest Reports Mixed Q4 Results 2024 Outlook Remains Optimistic | Benzinga
Southwest Airlines Co (NYSE:LUV) reported a fourth-quarter fiscal 2023 operating revenue increase of 10.5% year-over-year to $6.82 billion, beating the consensus of $6.74 billion.
The carrier attributes its revenue performance to healthy leisure demand and continued yield strength, especially during the holiday periods. The company also boasts record fourth-quarter ancillary revenue, loyalty program revenue, and passengers carried.
Adjusted EPS was $0.37, up from $0.38 last year, beating the consensus $0.12.
The airline reported an operating loss of $361 million, compared to a loss of $386 million a year ago.
Q4 RASM decreased 8.9% Y/Y, due to higher-than-expected close-in bookings and continued yield strength
Revenue passenger miles increased 13.7% Y/Y, Available seat ...