Southwest Airlines Co (LUV) reported quarterly earnings results on Thursday, Apr-21-2016. The company said it had a profit of $0.88 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.84. The company posted revenue of $4826.00 million in the period, compared to analysts expectations of $4804.75 million. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.
Many Wall Street Analysts have commented on Southwest Airlines Co. Company shares were Upgraded by Barclays on Apr 15, 2016 to ” Equal Weight”, Firm has raised the Price Target to $ 48 from a previous price target of $41 .
Southwest Airlines Co opened for trading at $47.45 and hit $47.45 on the upside on Monday, eventually ending the session at $47.1, with a gain of 0.13% or 0.06 points. The heightened volatility saw the trading volume jump to 42,81,747 shares. Company has a market cap of $30,053 M.
In a different news, on Feb 26, 2016, Jeff Lamb (EVP, Corporate Services) sold 6,662 shares at $40.67 per share price. According to the SEC, on Nov 16, 2015, Gary C Kelly (COB, Pres., & CEO) sold 19,642 shares at $46.74 per share price. On Oct 30, 2015, Robert E Jordan (EVP, Chief Commercial Officer) sold 55,031 shares at $45.78 per share price, according to the Form-4 filing with the securities and exchange commission.
Southwest Airlines Co. operates Southwest Airlines (Southwest). Southwest is a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company serves around 93 destinations in 40 states and runs international services to Montego Bay Nassau Oranjestad Cabo San Lucas/Los Cabos Cancun Mexico City and Punta Cana. It serves around 17 non-stop destinations and 581 non-stop city pairs. It operates around 665 Boeing 737 aircrafts. It provides several products such as Business Select Fly By Priority Lanes and SWABIZ. Its Website southwest.com enables purchasing and managing travel online. It offers southwest.com and swabiz.com in a translated Spanish version. Southwest provides inflight satellite-based wireless fidelity (Wi-Fi) service and live television. Its service offerings include EarlyBird Check-In Pets Are Welcome on Southwest (P.A.W.S.) products Automated Outbound Messaging (AOM) service and southwest.com/rebook.