Southwest Airlines Co. (LUV) posted first-quarter net income of $59 million, or $0.08 per share, which included $6 million (net) of favorable special items. This compared with the prior year net income of $98 million, or $0.13 per share, including $116 million (net) of favorable special items.
Excluding items, quarterly net income was $53 million, or $0.07 per share. On average, 15 analysts polled by Thomson Reuters expected earnings per share of $0.02 for the quarter. Analysts' estimates typically exclude one-time items.
The firm clocked total operating revenues of $4.08 billion, compared with the prior-year figure of $3.99 billion, and matched consensus estimates of $4.08 billion.
"Based on market prices as of April 22nd, second quarter 2013 economic fuel costs, including fuel taxes, are expected to be in the $3.00 to $3.05 per gallon range, well below second quarter 2012's $3.22 per gallon, including fuel taxes, and below the original forecast included in our 2013 plan", the company said in a statement.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.