EPS beats, Flight 1380 weighs on Q2 guidance
Q118 EPS of $0.75 (+29% YoY) was $0.02/$0.01 ahead of AE/consensus, with revenues ~2%/1% below. However, despite a strong Q1, attention will likely shift to very weak Q2 guidance, with LUV now expecting Q2 RASM down 1-3% and CASM-Ex up 1-2% (the company has also increased its full-year CASM-Ex guide to ~flat). Weakness in the Q2 outlook has been largely attributed to soft booking trends following the recent Flight 1380 tragedy, which has reduced forecast RASM by ~1-2%.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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.