SOUTHWEST AIRLINES REPORTS RECORD FIRST QUARTER PROFIT
SOUTHWEST AIRLINES REPORTS RECORD FIRST QUARTER PROFIT
04-24-2014
04:40 PM
Frequent Flyer C
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04-24-2014
04:40 PM
DALLAS, TEXAS - April 24, 2014 - Southwest Airlines Co. (NYSE:LUV) (the “Company”) today reported its first quarter 2014 results:
- Record first quarter net income, excluding special items*, of $126 million, or $.18 per diluted share, compared to first quarter 2013 net income, excluding special items, of $53 million, or $.07 per diluted share. This exceeded the First Call consensus estimate of $.16 per diluted share.
- Record first quarter net income of $152 million, or $.22 per diluted share, which included $26 million (net) of favorable special items, compared to net income of $59 million, or $.08 per diluted share, in first quarter 2013, which included $6 million (net) of favorable special items.
- Record first quarter operating income of $215 million; $242 million excluding special items.
- Return on invested capital*, before taxes and excluding special items (ROIC), for the 12 months ended March 31, 2014, of 14.2 percent, as compared to 8.3 percent for the 12 months ended March 31, 2013.
- Named to FORTUNE's 2014 list of World's Most Admired Companies for the 20th consecutive year and notably, the only commercial airline to rank in the Top Ten
- Received the top recognition for best customer experience in the airline industry, according to the 2014 Temkin Experience Ratings
- Received the Diamond Award by Air Cargo World with high marks for great Customer Service, Performance, Value, and use of Information Technology
- Named Domestic Carrier of the Year by the Airforwarders Association for the fifth consecutive year
- Named Domestic Airline of the Year by Express Delivery & Logistics Association for the 14th consecutive year
- Named to the BetterInvesting Top 200 companies
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