One-off expenses offset stronger unit revenues
Q417 EPS of $0.77 (+3% YoY) was in-line with consensus and below AE at $0.83, as a strong Q4 RASM result of 1.9% was offset by a number of one-off expenses. Looking into FY18, we are encouraged by LUV's "flat to down 1%" CASM-Ex guidance, given the company had previously advised that YoY CASM-Ex declines "would be a stretch".Southwest Airlines operates Southwest Airlines, a passenger airline that provides scheduled air transportation in the United States and near-international markets. The company has Boeing 737 aircraft in its fleet and serves destinations in various states, the District of Columbia, the Commonwealth of Puerto Rico, and other near-international countries such as Mexico, Jamaica, The Bahamas, Aruba, Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos. The company principally provides point-to-point service, which allows for direct nonstop routing. The company also provides a suite of digital platforms to support Customers' needs prior to and during the course of their travel.
Formed in 2003 by an established team from Cazenove, one of the most respected investment banks in the UK, Atlantic Equities conducts and publishes fundamental, bottom up research on mid and large cap US companies.
Atlantic provide order execution through a wide range of DMA products and algorithmic trading suites.
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