Southwest Q2 net income $683M ($1.08 EPS); record revenue $7.0B; sees 3Q RASM down 3-7%

SOUTHWEST AIRLINES CO

2023-Q2 EPS reported $0.84 revenue$12,743,000,000

Net income $683M, diluted EPS $1.08; adjusted net income $693M, EPS $1.09.
Record quarterly operating revenue $7.0B, up 4.6% YoY; RASM -8.3% YoY driven by breakage normalization.
3Q RASM guidance -3% to -7% YoY; full-year CASM-X now -1% to -2% (prior -2% to -4%).
Q2 economic fuel cost $2.60/gal; 3Q guidance $2.55-$2.65; full-year raised to $2.70-$2.80 from $2.60-$2.70.
2023 ASMs +14-15% YoY; 1Q24 +14-16%; plans 70 -8 deliveries and 26 -700 retirements in 2023.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SOUTHWEST AIRLINES CO reported second quarter 2023 results: revenue $7.0 billion, net income $683 million, EPS $1.08 per diluted share.

Period: second quarter 2023
Revenue: $7.0 billion
Net income: $683 million
EPS: $1.08 per diluted share
Result: reported results

Exact text from the filing

• Net income of $683 million, or $1.08 per diluted share • Net income, excluding special items 1 , of $693 million, or $1.09 per diluted share • Record quarterly operating revenues of $7.0 billion

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Source: SEC EDGAR

accession 0000092380-23-000036

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