Southwest: 4Q Earnings Snapshot
DALLAS (AP) _ Southwest Airlines Co. (LUV) on Thursday reported fourth-quarter earnings of $514 million.
The Dallas-based company said it had net income of 98 cents per share.
The results missed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share.
The airline posted revenue of $5.73 billion in the period, beating Street forecasts. Eight analysts surveyed by Zacks expected $5.72 billion.
Southwest shares have declined roughly 1% since the beginning of the year, while the Standard & Poor’s 500 index has climbed almost 3%. The stock has increased roughly 6% in the last 12 months.