Southwest Airlines swings to a profit as fuel costs drop

Dow Jones

Jan 30, 2025

MW Southwest Airlines swings to a profit as fuel costs drop

By Steve Gelsi

Carrier's overall expenses drop nearly 8%

Southwest Airlines said Thursday it swung to a fourth-quarter profit of 42 cents a share from a year-ago loss of 42 cents a share, as overall expenses fell on lower fuel costs.

Southwest's stock $(LUV)$ fell 2.7% in premarket trading.

Southwest's adjusted profit of 56 cents a share was well ahead of the FactSet consensus estimate of 46 cents a share.

Revenue rose 1.6% to $6.93 billion, a record., short of the analysts estimate of $6.96 billion.

Operating expenses fell 7.9% to $6.65 billion from$7.23 billion, as fuel costs dropped nearly 26% to $1.26 billion.

Ahead of Thursday's open, Southwest's stock had fallen 5.9% in 2024, while the S&P 500 has risen 2.7%.

(This is a developing news story with updates coming.)

-Steve Gelsi

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

January 30, 2025 07:04 ET (12:04 GMT)

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