Southwest Airlines: Q2 Earnings Insights

Shares of Southwest Airlines LUV moved higher by 1% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 294.89% year over year to ($2.67), which missed the estimate of ($2.66).

Revenue of $1,008,000,000 declined by 82.94% year over year, which beat the estimate of $845,260,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Southwest Airlines hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Jul 23, 2020

Time: 12:30 PM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/luv/mediaframe/39546/indexr.html

Technicals

Company's 52-week high was at $58.83

Company's 52-week low was at $22.46

Price action over last quarter: Up 9.14%

Company Description

Southwest Airlines is the largest domestic carrier in the United States, as measured by the number of originating passengers boarded. Southwest operates over 700 aircraft in an all-Boeing 737 fleet. Despite expanding into longer routes and business travel, the airline still specializes in short-haul leisure flights, using a point-to-point network. Southwest operates a low-cost carrier business model.