Southwest, Delta Air Lines
Digest more
Southwest Airlines Company (NYSE:LUV) shares are trading relatively flat on Friday. On Wednesday, the company reported second-quarter adjusted earnings of 43 cents per share, which missed the Street consensus estimate of 51 cents per share.
Southwest Airlines on Wednesday posted second-quarter earnings and revenue that fell short of Wall Street's estimates but said demand has stabilized.
Dallas-based Southwest Airlines is on target to reach its financial goals after it reported higher-than-expected revenues from checked bags.
While Southwest’s profit and revenue fell, the airline noted that domestic leisure demand was starting to stabilize.
Earlier this year, Southwest Airlines announced several major policy changes in an attempt to boost the airline's slumping profits. This was highlighted by the decision to begin charging for checked bags,
Southwest Airlines reported lower-than-expected quarterly profit and revenue on Wednesday, hurt by tepid demand from U.S. consumers for travel.
(Reuters) -Southwest Airlines missed Wall Street estimates for second-quarter profit on Wednesday, pressured by weak domestic travel demand that has led to more empty seats and softer fares. Shares of the carrier were down 2% in aftermarket trading.