Southwest Airways Co. LUV launched its second-quarter outcomes after Wednesday’s closing bell. Here is a have a look at the important thing figures from the quarter.
The Particulars: Southwest Airways reported quarterly adjusted earnings of 43 cents per share, which missed the Road consensus estimate of 51 cents per share. Quarterly income additionally got here in beneath expectations at $7.24 billion, lacking the $7.3 billion analyst estimate.
Learn Subsequent: Quantum Inventory Tracker: Rigetti Achieves Main Breakthrough, However Jim Cramer Names One other Inventory To ‘Personal’
The corporate’s board of administrators approved a brand new $2 billion share repurchase program.
“Whereas early, current business demand reveals indicators of enchancment off of depressed second quarter 2025 ranges, which mixed with moderated capability throughout the business and Southwest-specific initiatives, creates a constructive backdrop for the second half of the 12 months,” Southwest wrote in its press launch.
Trending Funding Alternatives
Outlook: Southwest sees third-quarter RASM in a spread of down 2% to up 2% and gas price per gallon between $2.40 and $2.50.
LUV Worth Motion: In line with information from Professional to gasolineSouthwest Airways inventory was down 0.24% at $37.44 in Wednesday’s prolonged buying and selling.
Learn Subsequent:
Picture: Shutterstock
Inventory Rating Locked: Edge Members Solely
Benzinga Rankings offer you important metrics on any inventory – anytime.
Unlock RankingsMarket Information and Information dropped at you by Benzinga APIs
© 2025 Benzinga.com. Benzinga doesn’t present funding recommendation. All rights reserved.
