Dallas-based Southwest Airlines earned $193 million in the third quarter, 30% less than its profit a year ago.
Southwest Airlines' third-quarter profit fell 30% to $193 million despite record revenue as leisure travel boomed over the summer, and the airline is losing pricing power at the same time that labor costs are rising.
The results, and particularly Southwest’s plans to grow more slowly, are likely to add to concern that demand for domestic travel — the heart of Southwest’s business — is weakening. Peak periods, however, remain strong. Jordan said bookings for upcoming holidays — Thanksgiving and Christmas — are running ahead of last year's pace.Still, Southwest forecast that pricing power will weaken sharply in the fourth quarter. Revenue for each seat flown one mile, a closely watched measure of prices, will decline 9% to 11% in the fourth quarter compared with the same period last year. That is a much sharper drop than those anticipated by Southwest's larger rivals.
By the second half of next year, Jordan said, Southwest will fly fewer seats than it will in the same period this year. Revenue rose $305 million, or 5%, to $6.52 billion, just short of projections for $6.56 billion. Bookings close to departure were lower than expected in August and September.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Southwest Airlines quarterly profit slides 30% and says growth will slow next yearSouthwest Airlines earned $193 million in the third quarter, 30% less than its profit a year ago. Southwest said Thursday that revenue was a record, however, as leisure travel boomed over the summer. The profit per share matched Wall Street expectations, while revenue was a bit less than analysts had predicted.
続きを読む »
Southwest Airlines quarterly profit slides 30% and says growth will slow next yearSouthwest Airlines earned $193 million in the third quarter, 30% less than its profit a year ago.
続きを読む »
Southwest Airlines quarterly profit slides 30% and says growth will slow next yearSouthwest Airlines earned $193 million in the third quarter, 30% less than its profit a year ago.
続きを読む »
Southwest Airlines quarterly profit slides 30% and says growth will slow next yearSouthwest Airlines' third-quarter profit fell 30% to $193 million despite record revenue as leisure travel boomed over the summer.
続きを読む »
Southwest Airlines quarterly profit slides 30% and says growth will slow next yearSouthwest said Thursday that it will throttle back growth plans next year because of changes in travel
続きを読む »
Southwest Airlines pilots picket outside company headquarters in DallasA group of pilots gathered outside the Southwest Airlines headquarters in Dallas Thursday morning for an informal picket in protest of an event highlighting “Southwest culture.'
続きを読む »