Southwest Airlines Co. (LUV) Earnings Report, Financial Results, Financial analysis

Southwest Airlines Co. reported in II. Quarter net earnings per share of $1.20 an increase by 110.53 % year on year from $0.57 and an improvement compare to net loss per share of $-0.47 realized in previous quarter.

*II. Quarter*
Earnings Per Share	Revenues
$ 1.2	$ 6,728 Mill
$+0.63 +110.53 %	$+2,720M +67.86 %

Southwest Airlines Co.'s Revenue rose by 67.86 % in II. Quarter (Jun 30 2022) year on year, to $6,728 million and advanced by 43.33 % sequentially.

Southwest Airlines Co. is Expected to report next financial results on October 25, 2022.

More on LUV's Income Statement

Sales Growth by Division


	• Passenger 3.33% Y/Y, • Other Revenues 192.15% Y/Y


	• Freight -2.22% Y/Y

LUV's Segments

LUV's NET INCOME

Southwest Airlines Co.'s net income of $760.000 million in II. Quarter increased by 118.39 % from net earnings of $348.000 million achieved in II. Quarter a year ago.

Sequentially Company turn into Profitability from net loss of $-278.000 million recorded in previous quarter.

More on LUV's Growth

Inventories grew by 61.85 % to $751 million from II. Quarter a year ago, sequentially inventories rose by 20.55 %. In II. Quarter company's net cash and cash equivalents decreased by $-482 million, capital expenditures fell by 0.00%, to $-476 millions compare to same quarter a year ago and rose by -7.39% from I. Quarter (Mar 31 2022).

More on LUV's Cash flow Statement

Earnings quality

Southwest Airlines Co. does not pay out common stock dividend.

In trailing twelve-month period Southwest Airlines Co. earned $ 3.50 cash per share, on a free-cash flow basis 222.98 % of net earning per share.

Book value fell by -0.48 % sequentially to $17.51 per share.
Tangible Book value grew to $ 15.98 per share from $ 15.96.

Company issued 43.00 million shares or 7.26 % in II. Quarter.
Interest Coverage Ratio was 4.46. Debt Coverage Ratio was 0.16.

• More on LUV's Dividends

Market Capitalization (Millions)	24,140
Shares Outstanding (Millions)	635
Total Debt (Millions $)	10,539
Revenue (TTM) (Millions $)	21,152
Net Income (TTM) (Millions $)	995
Cash Flow (TTM) (Millions $)	-600
Capital Exp. (TTM) (Millions $)	-1,406
Dividend TTM ($)	0 $
Dividend Yield TTM (%)	-
Employees (TTM) $	59,117

Earnings quality

• More on LUV's Balance Sheets

Market Capitalization (Millions)	24,140
Shares Outstanding (Millions)	635
Total Debt (Millions $)	10,539
Revenue (TTM) (Millions $)	21,152
Net Income (TTM) (Millions $)	995
Cash Flow (TTM) (Millions $)	-600
Capital Exp. (TTM) (Millions $)	-1,406
Dividend TTM ($)	0 $
Dividend Yield TTM (%)	-
Employees (TTM) $	59,117

Operating Statistics	Decrease / Increase

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Southwest Airlines Co.

LUV's Financial Statements and Analysis