Those are mixed results next to Wall Street’s estimates of – 12 cents per share and $6.2 billion. To go along with those results, adjusted earnings per share ( EPS) and revenue came in at -38 cents and $6.17 billion for the company. As part of our efforts, we are also conducting a third-party review of the December events and are reexamining the priority of technology and other investments planned in 2023.” More Q4 Data From LUV
In addition, our Board of Directors has established an Operations Review Committee that is working with the Company’s Management to help oversee the Company’s response. “We have swiftly taken steps to bolster our operational resilience and are undergoing a detailed review of the December events.
#Southwest airlines stock full#
This resulted in the company reporting a net loss of $220 million during the period.Īccording to Southwest, that massive loss was connected to a December computer outage that caused “more than 16,700 flight cancellations.” Despite this, the company notes that net income for the full year of 2022 came in at $723 million.īob Jordan, President and CEO of Southwest Airlines, said the following in the earnings report: The big news hitting LUV stock today is an $800 million hit to its net income during the fourth quarter of 2022. In 2013, LUV doubled profit to 1.12 a share. Southwest Airlines (NYSE: LUV) stock is falling on Thursday following the release of its latest earnings report. Southwest stock traded at nearly 13 times the 56 cents a share earned in 2012.
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