Key Takeaways Airlines are struggling due to low domestic and international travel demand and low consumer confidence. The lower demand is due to a potential slowdown in the economy triggered by Trump's tariffs. However, investors shouldn't completely write off top-ranked airline ETF JETS from their holdingsThe airline industry is facing growing turbulence as the ongoing global trade war creates a cloud of uncertainty over passenger demand and revenue projections. This week, Southwest Airlines (LUV) , Ame ...

Southwest Airlines Co. (NYSE:LUV) Q1 2025 Earnings Conference Call April 24, 2025 12:30 PM ET Corporate Participants Julia Landrum - Vice President, Investor Relations Bob Jordan - President & Chief Executive Officer Andrew Watterson - Chief Operating Officer Tom Doxey - Executive Vice President & Chief Financial Officer Whitney Eichinger - Chief Communications Officer Conference Call Participants Ravi Shankar - Morgan Stanley Andrew Didora - Bank of America Catherine O'Brien - Goldman Sachs David Vernon - ...

Southwest Airlines Co. (LUV) reported first-quarter 2025 loss of 13 cents per share, which was wider than the Zacks Consensus Estimate of 18 cents. In the year-ago quarter, the company had incurred a loss of 36 cents per share.Revenues of $6.42 billion beat the Zacks Consensus Estimate of $6.40 billion. The top line, however, improved 1.6% year over year on the back of the yield improvements from revenue management actions and capacity moderation. However, LUV witnesses weaker demand throughout the quarter, ...

AAL is down more than 40% this year, while LUV is off by 22%Airline stocks are in focus today, after sector stalwarts American Airlines Group Inc (NASDAQ:AAL) and Southwest Airlines (NYSE:LUV) stepped into the earnings confessional. Both airliners reported a smaller-than-expected first-quarter loss and withdrew their full-year guidance, mirroring Delta Air Lines (DAL) and United Airlines (UAL) amid an increasingly murky U.S. economic outlook. AAL was last seen up 2.5% to trade at $9.56, consolidating around ...

Image source: The Motley Fool.Thursday, Apr 24, 2025CALL PARTICIPANTSBob Jordan: President, CEO, and Vice Chairman of the BoardAndrew Watterson: Chief Operating OfficerTom Doxie: Executive Vice President and CFOJulia Landrum: Vice President of Investor Relations RISKSSofter booking trends continued into Q2, particularly in leisure demand, with RASM guidance of flat to down 4% year-over-yearFull year 2025 and 2026 EBITDA guidance suspended due to macroeconomic uncertaintyPlanned ASM growth reduced to approxi ...

Southwest Airlines became the latest U.S. carrier on Wednesday to withdraw its financial forecast as President Donald Trump's trade war has created the biggest uncertainty for the industry since the COVID-19 pandemic. With little clarity on how consumers will behave in the face of a potentially worsening economy, airlines are struggling to accurately forecast their business.Travel is a discretionary item for many consumers and businesses. With the trade war raising the prospect of slower economic growth and ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Southwest Airlines (LUV) reported $6.43 billion in revenue for the quarter ended March 2025, representing a year-over-year increase of 1.6%. EPS of -$0.13 for the same period compares to -$0.36 a year ago.The reported revenue represents a surprise of +0.40% over the Zacks Consensus Estimate of $6.4 billion. With the consensus EPS estimate being -$0.18, the EPS surprise was +27.78%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall ...

文章核心观点 公司因国内预订量疲软将削减下半年运力，二季度单位收入预计持平或下降，且不重申全年业绩指引，不过一季度财报表现超预期 [1][2][3] 公司运营调整 - 公司将削减下半年运力，因今年国内预订量有疲软迹象 [1] - 公司不重申全年业绩指引，称原因是“当前宏观经济的不确定性” [2] 公司业绩预期 - 公司预计二季度单位收入较去年同期持平或最多下降4% [2] 公司一季度财报表现 - 公司一季度盈利和收入超分析师预期 [3] - 公司一季度调整后每股亏损13美分，预期为亏损18美分 [3] - 公司一季度收入64.3亿美元，预期为64亿美元 [3] 行业动态 - 联合航空和达美航空本月早些时候宣布下半年缩减国内运力计划 [2] - 达美航空撤回全年业绩预测，联合航空给出两个预测，称美国经济“难以”预测 [2]

文章核心观点 公司公布2025年第一季度财务结果，虽宏观经济环境多变，但公司专注执行转型计划，成本控制良好，运营表现出色，多项举措取得积极成果，预计部分举措将提升商业表现和财务业绩，同时公司对未来举措有信心并将控制成本，还公布了二季度及全年的相关财务指引和目标 [1][2][3] 财务结果 收入与利润 - 净亏损1.49亿美元，摊薄后每股亏损0.26美元；剔除特殊项目后，净亏损7700万美元，摊薄后每股亏损0.13美元 [8] - 第一季度运营收入达64亿美元创纪录，客运收入58亿美元创纪录，联名卡消费额创第一季度纪录 [8][9] 成本与费用 - 第一季度运营费用降至67亿美元，同比下降1.1%；剔除燃油等费用后，运营费用同比增长2.6% [17] - 第一季度单位成本（CASM - X）同比增长4.6%，优于修订后的指引 [17] 流动性与资本 - 流动性达93亿美元，远超67亿美元的未偿债务 [8] - 第一季度末现金及等价物和短期投资为83亿美元，有10亿美元的循环信贷额度 [18] - 第一季度资本支出为5.01亿美元，主要用于飞机相关支出等 [17] 业务举措亮点 成本控制 - 超越第一季度单位成本指引，加速成本削减计划，2025年目标约3.7亿美元，2027年成本节约超10亿美元 [9] 收入管理 - 收入管理持续改善，季度收益率创历史新高 [9] - 与在线旅行社合作，推出Expedia分销渠道，表现超预期 [9] 客户计划 - 优化忠诚度计划，调整赚取率和赎回率 [9] - 与大通银行达成修订后的联名协议，联名信用卡第一季度消费额创纪录 [9] 座位服务 - 获得波音737 - 8和737 - 800飞机额外腿部空间座位改装的必要批准和认证 [9] 运营效率 - 19个机场减少了周转时间 [9] 股份回购 - 已回购10亿美元股份，预计7月底前完成剩余15亿美元的回购 [9][18] 指引与展望 财务指引 - 二季度RASM同比持平至下降4%，ASMs同比增长1% - 2% [4] - 二季度燃油成本每加仑2.20 - 2.30美元，每加仑ASM（燃油效率）为82 - 83 [4] - 二季度CASM - X同比增长3.5% - 5.5% [4] - 二季度计划偿还债务约26亿美元，利息支出约3900万美元 [4] 目标展望 - 2025年增量EBIT3贡献目标约18亿美元，2026年约43亿美元 [3][4] 需求与市场 - 预计二季度单位收入持平至下降4%，运力增长1% - 2%，考虑到公司举措的好处和需求环境的疲软 [11] - 目前未发现政策变更导致客户流失的迹象，二季度指引假设当前趋势持续 [11] 非燃油成本 - 预计二季度CASM - X同比增长3.5% - 5.5%，主要受通胀压力和2024年劳工合同影响 [12] 运力与机队 - 2025年下半年主动削减运力，预计三季度和四季度运力各降低约1.5个百分点，全年运力同比增长约1% [13] - 目前机队假设无重大更新，将机会性评估机队交易 [14] - 2025年资本支出预计在25 - 30亿美元，不包括潜在机队交易影响 [14] 燃油成本 - 已停止燃油套期保值计划，目前衍生品合约至2027年 [16] - 2025年第一季度经济燃油成本为每加仑2.49美元，高于此前指引范围 [18] - 2025年第一季度燃油效率同比提高2.6% [18] 流动性与资本部署 - 致力于保持强大高效的投资级资产负债表 [2] - 2025年第一季度向股东返还8.57亿美元，包括1.07亿美元股息和7.5亿美元股份回购 [18]