Passenger airline company Southwest Airlines Co. (LUV) provides scheduled air transportation services in the United States and near-international markets. The company updated its guidance on Thursday, expecting solid profits (excluding special items) in the second quarter and full year 2023.
However, its past growth has not been impressive. Although its revenue grew at a 4.9% CAGR over the past three years, its net income and EPS declined at CAGRs of 28.8% and 32.5% over the same period.
