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Southwest Airlines | 10-Q: Q2 2024 Earnings Report

Southwest Airlines | 10-Q: Q2 2024 Earnings Report

西南航空 | 10-Q:2024财年二季报
美股SEC公告 ·  2024/07/29 15:32

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Southwest Airlines reported record Q2 2024 operating revenues of $7.4 billion, up 4.5% year-over-year, driven by all-time quarterly records in passengers carried and passenger revenue. However, net income declined 46.3% to $367 million as operating expenses increased 11.4% to $7.0 billion, primarily due to higher labor and fuel costs.The company announced plans to implement assigned seating and premium seating options, redesign its boarding model, and introduce overnight flights starting February 2025. These changes aim to enhance customer experience and align with evolving passenger preferences, with approximately one-third of seats across the fleet planned to offer extended legroom.Looking ahead, Southwest expects Q3 2024 unit revenue to be flat to down 2% year-over-year with capacity up 2%. The company maintained its full-year 2024 capacity growth forecast of 4% and expects CASM-X (unit costs excluding fuel) to increase 7-8%. Fleet plans include receiving approximately 20 Boeing 737-8 aircraft deliveries in 2024, while retiring 35 older aircraft.
Southwest Airlines reported record Q2 2024 operating revenues of $7.4 billion, up 4.5% year-over-year, driven by all-time quarterly records in passengers carried and passenger revenue. However, net income declined 46.3% to $367 million as operating expenses increased 11.4% to $7.0 billion, primarily due to higher labor and fuel costs.The company announced plans to implement assigned seating and premium seating options, redesign its boarding model, and introduce overnight flights starting February 2025. These changes aim to enhance customer experience and align with evolving passenger preferences, with approximately one-third of seats across the fleet planned to offer extended legroom.Looking ahead, Southwest expects Q3 2024 unit revenue to be flat to down 2% year-over-year with capacity up 2%. The company maintained its full-year 2024 capacity growth forecast of 4% and expects CASM-X (unit costs excluding fuel) to increase 7-8%. Fleet plans include receiving approximately 20 Boeing 737-8 aircraft deliveries in 2024, while retiring 35 older aircraft.
西南航空报告了2024年第二季度创纪录的营业收入为74亿,同比增长4.5%,主要是由于载客量和客运收入创下历史季度记录。然而,净利润下降了46.3%,降至36700万,因为营业费用增加了11.4%,达到70亿,主要是由于劳动力和燃料成本的上升。公司宣布计划实施指定座位和优质座位选项,重新设计登机模式,并将于2025年2月推出过夜航班。这些变更旨在提升客户体验,并与不断变化的乘客偏好保持一致,计划在机队中约三分之一的座位提供更大的腿部空间。展望未来,西南航空预计2024年第三季度的单位营业收入与去年持平或下降2%,而运力将增加2%。公司维持对2024年全年运力增长4%的预测,并预计CASm-X(不含燃料的单位成本)将增加7-8%。机队计划包括在2024年接收约20架波音737-8飞机的交付,同时退役35架老旧飞机。
西南航空报告了2024年第二季度创纪录的营业收入为74亿,同比增长4.5%,主要是由于载客量和客运收入创下历史季度记录。然而,净利润下降了46.3%,降至36700万,因为营业费用增加了11.4%,达到70亿,主要是由于劳动力和燃料成本的上升。公司宣布计划实施指定座位和优质座位选项,重新设计登机模式,并将于2025年2月推出过夜航班。这些变更旨在提升客户体验,并与不断变化的乘客偏好保持一致,计划在机队中约三分之一的座位提供更大的腿部空间。展望未来,西南航空预计2024年第三季度的单位营业收入与去年持平或下降2%,而运力将增加2%。公司维持对2024年全年运力增长4%的预测,并预计CASm-X(不含燃料的单位成本)将增加7-8%。机队计划包括在2024年接收约20架波音737-8飞机的交付,同时退役35架老旧飞机。
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