Form 8-K SOUTHWEST AIRLINES CO For: Apr 25
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Southwest Airlines (LUV) Tops Q1 EPS by 9c
April 25, 2019 6:34 AM EDTSouthwest Airlines (NYSE: LUV) reported Q1 EPS of $0.70, $0.09 better than the analyst estimate of $0.61. Revenue for the quarter came in at $5.15 billion versus the consensus estimate of $5.12 billion.
Cost Performance and Outlook
First quarter 2019 total operating expenses increased 7.3 percent, year-over-year, to $4.6 billion. Total operating expenses per ASM (CASM, or unit costs) increased 5.9 percent, as compared with first quarter 2018. Excluding special items3, first quarter 2019 total operating expenses increased 6.5 percent to $4.6 billion, or 5.1 percent on a unit basis, year-over-year.
First quarter 2019 economic fuel costs3 were $2.05 per gallon and included $.06 per gallon in premium... More
