Southwest posts record revenue despite holiday meltdown | CNN Business

Southwest Airlines’ passengers have finally returned to the airline following its winter holiday service meltdown, enabling record revenue during the first quarter. The airline said its bookings in March were strong, allowing revenue to soar 22% to $5.7 billion in the quarter. That was up from year-ago results that were still affected by the surge in Covid cases caused by the Omicron variant, and it was also up from the $5.

Weak bookings in January and February caused a $325 million hit to revenue in the quarter. Excluding special items, Southwest posted a loss of $163 million, or 27 cents a share, a bit worse than the 23 cent a share loss forecast by analysts. The airline also warned that Boeing’s delayed deliveries of 737 Max jets would require it to trim its capacity by 1% below its previous plan.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Kim Kardashian reveals the 'magic' of her success to CNN's Poppy Harlow | CNN BusinessJust a few years ago, Kim Kardashian was dyeing her own shapewear in a sink with teabags. Fast forward to the present day, the idea has blossomed into Skims — a $3.2 billion brand that has catapulted the reality TV star into a business titan.
Source: cnni - 🏆 326. / 59 Read more »

Stocks making the biggest moves premarket: Meta, Teladoc, Harley-Davidson, Southwest Airlines and moreThese are some of the stocks posting the largest moves in early trading.
Source: CNBC - 🏆 12. / 72 Read more »

Mattel introduces first Barbie doll representing a person with Down syndrome | CNN BusinessMattel on Tuesday introduced its first-ever version of the Barbie doll representing a person with Down syndrome.
Source: CNN - 🏆 4. / 95 Read more »