High Costs Hurt LUV's Bottom Line in Q3: Cost Pressure to Stay in Q4
Southwest Airlines(LUV) ZACKS·2024-10-29 23:20
Southwest Airlines (LUV) reported better-than-expected earnings per share and revenues in the third quarter of 2024, the results of which were unveiled last week. Despite the outperformance, non-fuel unit costs (cost per available seat mile excluding fuel, oil and profit-sharing expenses and special items) were very high, increasing 11.6% year over year. This increase was responsible for the bottom line plummeting 60.5% year over year. Find the latest EPS estimates and surprises on Zacks Earnings Calendar. ...