Southwest Earnings Reports

Southwest Airlines posted a Q1 net loss of $149 million despite achieving record revenue of $6.4 billion, driven by improved yields and cost efficiencies. Domestic leisure softness and inflationary pressures impacted results.

Southwest Airlines reported a fourth-quarter net income of $261 million, or $0.42 per diluted share, and a record fourth-quarter operating revenue of $6.9 billion. The results were driven by tactical initiatives and a constructive demand environment. The company is also launching a $750 million accelerated share repurchase program.