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Southwest Airlines Records Record $8.4 Billion Operating Income in Q3

The Motley Fool +1 ·

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LUV Southwest Airlines Co
$42.03 +5.39%
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  1. 1Southwest Airlines reported adjusted earnings per share of $0.66 for the third quarter.
  2. 2Despite a $820 million increase in costs due to rising annual fuel prices, Southwest Airlines achieved an adjusted operating margin of 5.4% in the third quarter.
  3. 3Southwest Airlines entered into a new $2 billion revolving credit facility agreement in the third quarter.

So what's the key point?

Southwest Airlines earned its highest operating income ever in the third quarter. Even though fuel costs rose by $820 million, the operating margin reached 5.4%.

Source The Motley Fool +1 · View original ↗

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