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Barchart
Kritika Sarmah

Earnings Preview: What to Expect From Southwest Airlines’ Report

LUV

Dallas, Texas-based Southwest Airlines Co. (LUV) operates as a passenger airline company that provides scheduled air transportation services in the United States and near-international markets. The company is currently valued at a market cap of $14.2 billion.

The airline giant is set to announce its Q1 results before the market opens on Thursday, Apr. 24. Ahead of the event, analysts expect LUV to report a loss of $0.18 per share, down 50% from the year-ago quarter's loss of $0.36 per share. Furthermore, the company has surpassed analysts' consensus estimates in three of the last four quarters, while missing in only one quarter. In the previous quarter, it reported EPS of $0.56, which surpassed the consensus estimate by 24.4%, driven by higher travel demand.

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