Interested in Southwest Airlines Co.? Here are five stocks we like better.
Southwest Airlines posted a strong Q2 with adjusted EPS of $0.94, record revenue of $8.7 billion, and a 20.3% jump in adjusted operating revenue despite only 0.2% capacity growth. Management said the results show the earnings power of its commercial transformation.
Revenue initiatives are driving growth, including bag fees, product changes, online travel agencies, and stronger corporate demand. Managed business revenue rose 30% year over year, Rapid Rewards enrollment climbed 35%, and Chase card acquisitions increased 28%.
Southwest trimmed its full-year profit outlook to adjusted EPS of $3.25 to $4.25 as fuel costs remained elevated and fuel expense rose nearly $900 million year over year in Q2. Even so, the airline generated $500 million in operating cash flow, ended with $5.3 billion in liquidity, and maintained a solid leverage profile.
MarketBeat Week in Review – 07/06 - 07/10
#southwest
Southwest Airlines posted a strong Q2 with adjusted EPS of $0.94, record revenue of $8.7 billion, and a 20.3% jump in adjusted operating revenue despite only 0.2% capacity growth. Management said the results show the earnings power of its commercial transformation.
Revenue initiatives are driving growth, including bag fees, product changes, online travel agencies, and stronger corporate demand. Managed business revenue rose 30% year over year, Rapid Rewards enrollment climbed 35%, and Chase card acquisitions increased 28%.
Southwest trimmed its full-year profit outlook to adjusted EPS of $3.25 to $4.25 as fuel costs remained elevated and fuel expense rose nearly $900 million year over year in Q2. Even so, the airline generated $500 million in operating cash flow, ended with $5.3 billion in liquidity, and maintained a solid leverage profile.
MarketBeat Week in Review – 07/06 - 07/10
#southwest
4 days ago
