Southwest Airlines 4Q Rev Rises; Sees Higher Costs This Year

Southwest Airlines is one of the most mentioned companies in the U.S. across all news items in the last 12 hours, according to Factiva data. Southwest had a loss of $219 million, or 37 cents a share, in the fourth quarter. Revenue rose almost 11% to $6.82 billion, above the $6.75 billion analysts expected, according to Factset. Adjusted earnings were 37 cents a share, well above analysts’ expectations for 12 cents a share. Southwest said it plans to increase flying capacity by about 10% in the first three months of 2024, and about 6% for the full year. It expects non-fuel costs to rise 6% to 7% in 2024. Southwest flight attendants on Tuesday voted to authorize a strike, their union said, after members rejected a tentative agreement last month.

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