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Southwest Airlines stock falls after much wider-than-expected loss, revenue miss and warning of more losses

Clyde Edgerton by Clyde Edgerton
January 26, 2023
in Markets
Southwest Airlines stock falls after much wider-than-expected loss, revenue miss and warning of more losses
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Shares of Southwest Airlines Co. LUV shed 2.4% in premarket trading Thursday, after the air carrier reported a much wider-than-expected fourth-quarter loss, and warned of another loss in the current quarter, while apologizing for the “operational disruptions” during the holiday travel season. The company swung to a net loss of $220 million, or 37 cents a share, from net income of $68 million, or 11 cents a share, in the year-ago period. Excluding nonrecurring items, the adjusted per-share loss of 38 cents compared with the FactSet loss consensus of 7 cents. Revenue grew 22.2% to $6.17 billion, but missed the FactSet consensus…



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