Stock Analysis
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Southwest Airlines Full Year 2024 Earnings: EPS Misses Expectations
Southwest Airlines (NYSE:LUV) Full Year 2024 Results
Key Financial Results
- Revenue: US$27.5b (up 5.3% from FY 2023).
- Net income: US$465.0m (flat on FY 2023).
- Profit margin: 1.7% (in line with FY 2023).
- EPS: US$0.78 (down from US$0.78 in FY 2023).
LUV Operational Performance
- Available seat kilometres (ASK): 285.25b (up 4.1% from FY 2023).
- Passenger load factor: 80.4% (up from 80.0% in FY 2023).
- Total aircraft: 803 (down by 14 from FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Southwest Airlines EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.2%.
In the last 12 months, the only revenue segment was Transportation - Airlines contributing US$27.5b. Notably, cost of sales worth US$21.4b amounted to 78% of total revenue thereby underscoring the impact on earnings.Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$187.0m. Explore how LUV's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Airlines industry in the US.
Performance of the American Airlines industry.
The company's shares are down 3.3% from a week ago.
Risk Analysis
We should say that we've discovered 2 warning signs for Southwest Airlines that you should be aware of before investing here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NYSE:LUV
Southwest Airlines
Operates as a passenger airline company that provides scheduled air transportation services in the United States and near-international markets.
