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

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

西南航空 | 8-K:西南航空公布2024年第三季度业绩
美股SEC公告 ·  2024/10/24 18:34

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Southwest Airlines reported third quarter 2024 net income of $67 million, or $0.11 per diluted share, with record Q3 operating revenues of $6.9 billion, up 5.3% YoY. Excluding special items, net income was $89 million, or $0.15 per diluted share. The company maintained strong liquidity of $10.4 billion against debt of $8.0 billion.Operating expenses increased 6.6% YoY to $6.8 billion, with CASM-X up 11.6%. The company expects Q4 2024 RASM to increase 3.5-5.5% YoY with capacity down approximately 4%. Holiday season bookings remain strong, demonstrating resilient leisure travel demand.The company announced a $250 million accelerated share repurchase program under its $2.5 billion authorization. For Q4 2024, Southwest expects capacity to decrease ~4% YoY and CASM-X to increase 11-13%. The company continues to implement cost control measures and expects over $500 million in run-rate cost savings by 2027.
Southwest Airlines reported third quarter 2024 net income of $67 million, or $0.11 per diluted share, with record Q3 operating revenues of $6.9 billion, up 5.3% YoY. Excluding special items, net income was $89 million, or $0.15 per diluted share. The company maintained strong liquidity of $10.4 billion against debt of $8.0 billion.Operating expenses increased 6.6% YoY to $6.8 billion, with CASM-X up 11.6%. The company expects Q4 2024 RASM to increase 3.5-5.5% YoY with capacity down approximately 4%. Holiday season bookings remain strong, demonstrating resilient leisure travel demand.The company announced a $250 million accelerated share repurchase program under its $2.5 billion authorization. For Q4 2024, Southwest expects capacity to decrease ~4% YoY and CASM-X to increase 11-13%. The company continues to implement cost control measures and expects over $500 million in run-rate cost savings by 2027.
西南航空报告2024年第三季度净利润为6700万,或每股稀释收益0.11美元,Q3营业收入创纪录达到69亿,同比增长5.3%。除特殊项目外,净利润为8900万,或每股稀释收益0.15美元。公司保持强劲流动性,104亿对比80亿债务。营业费用同比增长6.6%至68亿,CASm-X增长11.6%。公司预计2024年第四季度RASm将同比增长3.5-5.5%,而产能将下降约4%。假日季节的预订保持强劲,显示出休闲旅行的需求韧性。公司宣布在其25亿的授权下,实施25000万的加速股票回购计划。对于2024年第四季度,西南航空预计产能将同比减少约4%,CASm-X将增长11-13%。公司继续实施成本控制措施,并预计到2027年将在运行成本上节省超过50000万。
西南航空报告2024年第三季度净利润为6700万,或每股稀释收益0.11美元,Q3营业收入创纪录达到69亿,同比增长5.3%。除特殊项目外,净利润为8900万,或每股稀释收益0.15美元。公司保持强劲流动性,104亿对比80亿债务。营业费用同比增长6.6%至68亿,CASm-X增长11.6%。公司预计2024年第四季度RASm将同比增长3.5-5.5%,而产能将下降约4%。假日季节的预订保持强劲,显示出休闲旅行的需求韧性。公司宣布在其25亿的授权下,实施25000万的加速股票回购计划。对于2024年第四季度,西南航空预计产能将同比减少约4%,CASm-X将增长11-13%。公司继续实施成本控制措施,并预计到2027年将在运行成本上节省超过50000万。
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