Southwest Q3 net income $67M ($0.11 EPS); record revenue $6.9B; launches $250M buyback

SOUTHWEST AIRLINES CO

2024-Q3 EPS reported $0.34 revenue$20,553,000,000

Diluted EPS $0.11; adjusted EPS $0.15; operating revenues $6.9B, up 5.3% YoY.
Announced $250M accelerated share repurchase under $2.5B authorization.
Q4 guidance: RASM up 3.5-5.5%, CASM-X up 11-13%, capacity down ~4% YoY.
ROIC target of at least 15% by 2027; cost savings plan on track for $500M run rate in 2027.
Ended Q3 with $9.4B cash and $1.4B net cash position; 811 aircraft at quarter-end.

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