Southwest Airlines Full Year 2022 Earnings: EPS Misses Expectations
Southwest Airlines (NYSE:LUV) Full Year 2022 Results
Key Financial Results
Revenue: US$23.8b (up 51% from FY 2021).
Net income: US$539.0m (down 45% from FY 2021).
Profit margin: 2.3% (down from 6.2% in FY 2021).
EPS: US$0.91 (down from US$1.65 in FY 2021).
LUV Operational Performance
Available seat kilometres (ASK): 238.93b (up 12% from FY 2021).
Passenger load factor: 83.4% (up from 78.5% in FY 2021).
Operating revenue per available seat kilometre (Oper. RASK): US$0.10 (up from US$0.074 in FY 2021).
Total aircraft: 766 (up by 44 from FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Southwest Airlines EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 15%.
Looking ahead, revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Airlines industry in the US.
Performance of the American Airlines industry.
The company's shares are down 2.2% from a week ago.
It's still necessary to consider the ever-present spectre of investment risk. We've identified 4 warning signs with Southwest Airlines, and understanding these should be part of your investment process.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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