Market Overview

Southwest Airlines: Q3 Earnings Insights

Share:

Shares of Southwest Airlines (NYSE:LUV) moved higher by 1% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were down 268.64% year over year to ($1.99), which beat the estimate of ($2.35).

Revenue of $1,793,000,000 declined by 68.20% year over year, which beat the estimate of $1,700,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Oct 22, 2020

Time: 12:30 PM

ET Webcast URL: http://www.southwestairlinesinvestorrelations.com/news-and-events/events-and-presentations/event-22-10-2020

Technicals

Company's 52-week high was at $58.83

Company's 52-week low was at $22.46

Price action over last quarter: Up 27.26%

Company Profile

Southwest Airlines is the largest domestic carrier in the United States, as measured by the number of originating passengers boarded. Southwest operates over 700 aircraft in an all-Boeing 737 fleet. Despite expanding into longer routes and business travel, the airline still specializes in short-haul leisure flights, using a point-to-point network. Southwest operates a low-cost carrier business model.

 

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