trending Market Intelligence /marketintelligence/en/news-insights/trending/JCocaZ0ao7P6YfBrhP42Eg2 content esgSubNav
In This List

Southwest Airlines Q3 profit climbs 63.0% 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 climbs 63.0% YOY

Southwest Airlines Co. said its third-quarter normalized net income amounted to 94 cents per share, compared with the S&P Capital IQ consensus estimate of 92 cents per share.

EPS increased 69.8% year over year from 55 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $621.3 million, an increase of 63.0% from $381.3 million in the year-earlier period.

The normalized profit margin rose to 12.1% from 7.9% in the year-earlier period.

Total revenue rose 7.2% on an annual basis to $5.15 billion from $4.80 billion, and total operating expenses decreased from the prior-year period to $4.10 billion from $4.15 billion.

Reported net income grew 77.3% from the prior-year period to $585.0 million, or 88 cents per share, from $330.0 million, or 48 cents per share.