Thursday, July 21, 2016

Southwest Airlines Q2 Profit Misses Estimates; Q3 RASM To Decline 3-4%

Southwest Airlines Co. (LUV) reported record profits, strong margins, and healthy cash flows for its second quarter 2016. The company said record operating revenues and low fuel prices were the primary drivers of its second-quarter performance. Year-over-year, operating revenue growth outpaced available seat mile growth, producing positive operating unit revenue (RASM) growth, despite a very competitive fare environment.

from RTT - Earnings http://ift.tt/2aaYtmA
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