Amid a gradual rebound in air travel, Southwest Airlines Co. (LUV) has hit new revenue records in the fiscal second quarter. However, a surge in expenses complicates its financial landscape. So, prospective investors should hold off for a more opportune moment to buy into the stock.
Operating revenue soared to a record-setting $7 billion in the mentioned fiscal timeframe. Conversely, rising costs due to inflation triggered a surge in operating expenses. Operating expenses for the quarter increased 12.1% compared with the year-ago quarter.
