CSIMarket
 
Southwest Airlines Co   (LUV)
    Sector  Transportation    Industry Airline
   Industry Airline
   Sector  Transportation
 

Mixed Financial Results for Southwest Airlines Co in Q4 2023: Revenue Soars but Deficit per Share Increases

Increased Revenue, Higher Deficit, and Inventory Growth Highlight Southwest Airlines* Q4 2023 Financial Report


Published Feb 06 2024 / Modified Feb 06 2024
CSIMarket Team / CSIMarket.com


Boeing_747-400_over_By_Sergey_Kustov__[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_CommonSouthwest Airlines Co (NYSE: LUV) recently released its financial results for the fourth quarter of 2023, revealing a mixed bag of positive and negative outcomes.
While the company's revenue increased by an impressive 10.548% to reach $6.82 billion during the October to December period, there was a concerning increase in the deficit per share, which stood at $-0.42.
This marked a decline compared to the previous reporting season, where revenue surged by 4.567%, but the income per share fell from $0.31 per share.

The net deficit for the financial fourth quarter of 2023 was reported as $-252.000 million, higher than the $-220.000 million recorded in the same period the previous year.
Moreover, there was an observable increase in inventories, with the level reaching $807.0 million.
This is higher compared to the preceding quarter as well as the corresponding quarter a year ago.
On the other hand, accounts receivable declined to $1,154.0 million from the previous quarter, but it remains higher than during the same time a year ago.

Looking at the operating results for the fiscal 12 Months 2023, Southwest Airlines Co reported a revenue of $26.09 billion and a net income of $465.00 million.
However,
there was a decline in the profits per share by -12.64% to $0.76 per share from $0.87 in the previous fiscal year.
Despite this, the revenue advanced by 9.56% from $23.81 billion a year ago.

In light of these financial results, Southwest Airlines Co has demonstrated its commitment to shareholders by declaring its 180th quarterly cash dividend.
Shareholders of record will receive a dividend of $0.18 per share by March 6, 2024, on all issued shares at that moment.
This solid dividend pay-out ratio has been beneficial for Southwest Airlines Co shares,
particularly when compared to peers within the transportation sector.
The company's 12-month dividend pay-out ratio increased to 132.18 in the third quarter of 2023, indicating a continued commitment to shareholders.

However, it is important to note that Southwest Airlines Co's stock has faced some challenges in recent times.
Over the past seven days, the stock has declined by -1.46%, bringing the year-to-date performance to 4.46%. Furthermore, the stock is currently trading only 35.8% above its 52-week low.
These trends suggest that there might be some lingering concerns among investors regarding the company's future prospects.

Overall, while Southwest Airlines Co has achieved solid revenue growth in the fourth quarter of 2023, there are some areas of concern, such as the increase in the deficit per share and the decline in profits per share.
The company's commitment to shareholders through its dividend pay-out ratio is commendable, but investors should remain vigilant given the recent performance of the company's stock.



Southwest Airlines Co's Net Income Growth

Southwest Airlines Co's Price to sales ratio PS



Other LUV's news

Southwest Airlines Co Reports Substantial Revenue Growth in First Quarter of 2024

Southwest Airlines Takes Flight Towards Sustainability with SAFFiRE Renewables Acquisition as Corporate Clients Enjoy Revenue Surge

Southwest Airlines Secures New Collective Bargaining Agreements with Ramp, Operations, Provisioning, and Cargo Agents and Pilots

Southwest Airlines Reaches Tentative Agreement with Flight Attendants* Union as Corporate Clients Experience Decline in Costs and Revenue

- Southwest Airlines Shakes Up Leadership Amidst Financial Struggles, Aims to Turn the Tide

Mixed Financial Results for Southwest Airlines Co in Q4 2023: Revenue Soars but Deficit per Share Increases

A Constant LUV Story: Southwest Airlines* Unwavering Commitment to Shareholders as Inscribed in its 180th Quarterly Dividend Declaration.

Southwest Airlines Pilots Approve New Contract, While Corporate Clients Experience Mixed Performance

Southwest Airlines? *Week of WOW* Sale: A High-Flying Boost to Revenue Amid Challenging Trends

Southwest Airlines Reports Solid Top-Line Growth, but EPS takes a Dip

Deterioration in profitability in the wake of Increase in orders in the April to June 30 2023 financial span

Exceptional 21.559%, improvement in revenue by LUV during the January to March 31 2023 time-frame

In spite of the boost in Revenues Profitability not Reached by in the most recent fiscal period

An amazing execution by the company during the most recent fiscal period

Earnings lifted by $1,151.00 million income tax refund



Other LUV's news

Southwest Airlines Co Reports Substantial Revenue Growth in First Quarter of 2024

Southwest Airlines Takes Flight Towards Sustainability with SAFFiRE Renewables Acquisition as Corporate Clients Enjoy Revenue Surge

Southwest Airlines Secures New Collective Bargaining Agreements with Ramp, Operations, Provisioning, and Cargo Agents and Pilots

Southwest Airlines Reaches Tentative Agreement with Flight Attendants* Union as Corporate Clients Experience Decline in Costs and Revenue

- Southwest Airlines Shakes Up Leadership Amidst Financial Struggles, Aims to Turn the Tide

Mixed Financial Results for Southwest Airlines Co in Q4 2023: Revenue Soars but Deficit per Share Increases

A Constant LUV Story: Southwest Airlines* Unwavering Commitment to Shareholders as Inscribed in its 180th Quarterly Dividend Declaration.

Southwest Airlines Pilots Approve New Contract, While Corporate Clients Experience Mixed Performance

Southwest Airlines? *Week of WOW* Sale: A High-Flying Boost to Revenue Amid Challenging Trends

Southwest Airlines Reports Solid Top-Line Growth, but EPS takes a Dip

Deterioration in profitability in the wake of Increase in orders in the April to June 30 2023 financial span

Exceptional 21.559%, improvement in revenue by LUV during the January to March 31 2023 time-frame

In spite of the boost in Revenues Profitability not Reached by in the most recent fiscal period

An amazing execution by the company during the most recent fiscal period

Earnings lifted by $1,151.00 million income tax refund



Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com