August 1st in 3PL, Aviation by .

Southwest Airlines Post Q2 Profits Increased by 42%

Even though the US economy is still hasn’t completely recovered from 2008 rescission, here comes Southwest Airlines with big numbers increase in there Q2 profits. 

Southwest’s quarterly earnings rose to $228 million, or $0.30 per share, from $161 million, or $0.21 per share, in the year-ago period. Excluding other items, Southwest’s adjusted profit came in at $0.36 per share.

Its operating revenue gained 12% to $4.62 billion. However, analysts were expecting a profit of $0.32 per share on revenue of $4.58 billion. Its traffic gained 5.1% y/y, while capacity …

Even though the US economy is still hasn’t completely recovered from 2008 rescission, here comes Southwest Airlines with big numbers increase in there Q2 profits. 

Southwest’s quarterly earnings rose to $228 million, or $0.30 per share, from $161 million, or $0.21 per share, in the year-ago period. Excluding other items, Southwest’s adjusted profit came in at $0.36 per share.

Its operating revenue gained 12% to $4.62 billion. However, analysts were expecting a profit of $0.32 per share on revenue of $4.58 billion. Its traffic gained 5.1% y/y, while capacity surged 5.6%. Southwest shares closed at $9.42 yesterday.

Analysts said Southwest, which is looking to maintain its dwindling low-cost advantage against rivals that have restructured, made progress in controlling costs.

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