The airline said Thursday, however, that it made money in March and expects to be solidly profitable in the April-through-June quarter that includes the start of the peak summer travel season.
Southwest had already indicated it would lose money in the first quarter. The loss was narrower than Southwest’s $278 million loss a year earlier. After one-time items, it worked out to 27 cents per share, matching the expectation of analysts surveyed by FactSet.RelatedChief operating officer Andrew Watterson said it 'struggled to keep the operation moving' at 'key airports.'
The Dallas-based airline said the winter breakdown cost $380 million in the quarter from lost bookings and extra expenses.just before Christmas, and its problems were compounded when its crew-rescheduling system broke down, leading to 16,700 canceled flights in a 10-day stretch. Airlines are looking ahead to this summer. Strong travel demand and a limited supply of flights are keeping average fares high, which will boost airline revenue. But the carriers are facing higher costs for labor and fuel, plus the possibility of a recession that could hurt ticket sales.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
US: CB Consumer Confidence Index declines to 101.3 in April from 104 in MarchUS: CB Consumer Confidence Index declines to 101.3 in April from 104 in March – by eren_fxstreet ConsumerConfidence UnitedStates EconomicIndicator Macroeconomics
Les mer »
TooFab's Week In Celebrity Photos: April 23 - April 29Saint West rocked a Tristan Thompson jersey to last night's Lakers game -- where Kris Jenner also showed Tristan some love (via toofab)
Les mer »
TooFab's Week In Celebrity Photos: April 23 - April 29Kim Kardashian steps out to the TIME 100 Summit in see-through pants (via toofab)
Les mer »
Update: Watch SpaceX launch 46 Starlink satellites on April 27 after delaySpaceX plans to launch another big batch of its Starlink internet satellites and land the returning rocket at sea on Wednesday morning, and you can watch the action live! ⬇️
Les mer »
2023 NFL Draft: Here Are All the Ways to Watch for FreeRound one of the 2023 NFL Draft kicks off in Kansas City on Thursday (April 27).
Les mer »