Southwest Airlines announced fourth quarterly results which exceeded analysts’ expectations on Thursday and revenue which fell below expectations.
The company posted earnings per share of $ -1.29 on sales of $ 2.01B. Analysts polled by Investing.com were expecting EPS of $ -1.67 for sales of $ 2.12B.
Year-to-date Southwest Airlines shares are down 5.28%, below the performance of the S&P 500 which is down 0% year-to-date.
Southwest Airlines follows other companies in the Transportation sector who have published their results this month.
On January 21, Union Pacific reported fourth quarter EPS of $ 2.36 for revenue of $ 5.14B, compared to a forecast of EPS of $ 2.25 for revenue of $ 5.1B.