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Southwest Airlines | 8-K: SOUTHWEST AIRLINES REPORTS SECOND QUARTER 2024 RESULTS

Southwest Airlines | 8-K: SOUTHWEST AIRLINES REPORTS SECOND QUARTER 2024 RESULTS

西南航空 | 8-K:西南航空公布2024年第二季度业绩
美股SEC公告 ·  2024/07/25 03:34

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Southwest Airlines posted Q2 2024 net income of $367 million ($0.58 per diluted share), down 46.3% YoY, while achieving record quarterly operating revenues of $7.4B, up 4.5% YoY. Unit revenue (RASM) declined 3.8% YoY due to industry-wide domestic capacity growth outpacing demand and revenue management challenges.Operating expenses increased 11.4% YoY to $7.0B, driven by higher labor costs and maintenance expenses. The company maintained strong liquidity of $11.0B with $8.0B in outstanding debt. For Q3 2024, Southwest expects unit revenue to be flat to down 2% YoY with capacity up approximately 2%.The airline announced plans to implement assigned and premium seating as part of its comprehensive customer experience upgrade. Management will share detailed initiatives to drive margin expansion and improve ROIC performance at its upcoming Investor Day in late September. The company expects Q4 2024 capacity to decrease 4% YoY as part of network optimization efforts.
Southwest Airlines posted Q2 2024 net income of $367 million ($0.58 per diluted share), down 46.3% YoY, while achieving record quarterly operating revenues of $7.4B, up 4.5% YoY. Unit revenue (RASM) declined 3.8% YoY due to industry-wide domestic capacity growth outpacing demand and revenue management challenges.Operating expenses increased 11.4% YoY to $7.0B, driven by higher labor costs and maintenance expenses. The company maintained strong liquidity of $11.0B with $8.0B in outstanding debt. For Q3 2024, Southwest expects unit revenue to be flat to down 2% YoY with capacity up approximately 2%.The airline announced plans to implement assigned and premium seating as part of its comprehensive customer experience upgrade. Management will share detailed initiatives to drive margin expansion and improve ROIC performance at its upcoming Investor Day in late September. The company expects Q4 2024 capacity to decrease 4% YoY as part of network optimization efforts.
西南航空发布了2024年第二区的净利润为36700万美元(每股摊薄收益0.58美元),同比下降46.3%,同时实现了74亿美元的季度营业收入,较上年增长4.5%。由于行业整体国内运力增长超出需求以及收益管理挑战,单位收入(RASM)同比下降3.8%。营业费用同比增长11.4%,达到70亿美元,主要由于劳动成本和维修费用的增加。公司保持强劲的流动性,现金流为110亿美元,未偿还债务为80亿美元。对于2024年第三区,西南航空预计单位收入将持平或同比下降2%,而运力预计将增长约2%。该航空公司宣布计划实施指定座位和优质座位,作为其全面客户体验升级的一部分。管理层将在九月底即将举行的投资者日上分享推动利润扩展和改善投资回报率(ROIC)表现的详细计划。公司预计2024年第三区的运力将同比减少4%,作为网络优化努力的一部分。
西南航空发布了2024年第二区的净利润为36700万美元(每股摊薄收益0.58美元),同比下降46.3%,同时实现了74亿美元的季度营业收入,较上年增长4.5%。由于行业整体国内运力增长超出需求以及收益管理挑战,单位收入(RASM)同比下降3.8%。营业费用同比增长11.4%,达到70亿美元,主要由于劳动成本和维修费用的增加。公司保持强劲的流动性,现金流为110亿美元,未偿还债务为80亿美元。对于2024年第三区,西南航空预计单位收入将持平或同比下降2%,而运力预计将增长约2%。该航空公司宣布计划实施指定座位和优质座位,作为其全面客户体验升级的一部分。管理层将在九月底即将举行的投资者日上分享推动利润扩展和改善投资回报率(ROIC)表现的详细计划。公司预计2024年第三区的运力将同比减少4%,作为网络优化努力的一部分。
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