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Southwest Airlines reports first quarterly profit in two years

CHICAGO (Reuters) – Southwest Airlines (NYSE:LUV) Co on Thursday reported its first quarterly profit, without U.S. government aid, in two years on the back of strong holiday travel demand.

On an adjusted basis, the Texas-based carrier reported a profit of 14 cents per share for the quarter through December, compared with a loss of $1.29 per share a year earlier. Analysts surveyed by Refinitiv, on average, had expected the airline to report a profit of 7 cents per share.

Source : Reuters /

© Reuters. A Southwest airplane approaches to land in San Diego, California August 24, 2020. REUTERS/Mike Blake

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