earnings
confidence high
sentiment neutral
materiality 0.75
Southwest Q3 EPS $0.31 ($0.38 adj), record rev $6.5B; lowers Q1 2024 capacity growth to 10-12%
SOUTHWEST AIRLINES CO
2023-Q3 EPS reported
$1.15
revenue$19,268,000,000
- Net income $193M ($0.31 diluted EPS); ex-special items $240M ($0.38). Record Q3 revenue $6.5B (+4.9% YoY).
- Q4 2023 RASM expected down 9-11% YoY; CASM-X down 16-19% YoY (15pts from Dec 2022 disruption).
- Full year 2024 capacity growth slowed to 6-8% YoY; Q1 2024 lowered to 10-12% from prior 14-16%.
- New Boeing order book extends to 2031: 302 -7, 271 -8 firm orders, 207 options (780 total).
- Tentative Flight Attendant agreement reached; $96M special item for ratification bonus.