trending Market Intelligence /marketintelligence/en/news-insights/trending/1Mk7Kws-c2clOYTHTMQ-ZQ2 content esgSubNav
In This List

Southwest Airlines Q3 profit falls YOY

Blog

Capital Markets Activity Infographic: SPAC Volume Rises in Q3; Equity Issuance Drops but Remains Strong in Several Sectors

Blog

Asset Owner Perspectives on Climate Change Measurement, Management, and Reporting in Australia

Blog

How Financial Institutions are Managing Exposure to U.S. Municipals

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure


Southwest Airlines Q3 profit falls YOY

Southwest Airlines Co. said its third-quarter normalized net income was 93 cents per share, compared with the S&P Capital IQ consensus estimate of 88 cents per share.

EPS declined year over year from 94 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $578.8 million, a decline of 6.8% from $621.3 million in the prior-year period.

The normalized profit margin fell to 11.0% from 12.1% in the year-earlier period.

Total revenue came to $5.14 billion, compared with $5.15 billion in the year-earlier period, and total operating expenses increased from the prior-year period to $4.17 billion from $4.10 billion.

Reported net income fell 33.5% from the prior-year period to $389.0 million, or 62 cents per share, from $585.0 million, or 88 cents per share.