A Southwest Airways Co. Boeing 737 passenger jet arrives at Halfway Worldwide Airport (MDW) in Chicago, Illinois, U.S., on Monday, Oct. 11, 2021.
Luke Sharrett | Bloomberg | Getty Photos
Southwest Airlines on Thursday reported a third-quarter revenue on Thursday due to a lift from federal payroll assist however mentioned operational issues from understaffing for the aggressive development it deliberate harm its backside line.
Dallas-based Southwest earlier this month canceled more than 2,000 flights between Oct. 8 and Oct. 13, blaming the problems on unhealthy climate in Florida, air visitors management compounded by staffing shortages.
Southwest mentioned the disruptions value it $75 million from cancellations, buyer refunds and “gestures of goodwill.”
Right here’s how Southwest carried out within the second quarter in contrast with what Wall Avenue anticipated, based mostly on common estimates compiled by Refinitiv:
- Adjusted outcomes per share: a lack of 23 cents versus an anticipated lack of 27 cents.
- Whole income: $4.68 billion versus anticipated $4.58 billion.
That is breaking information. Test again for updates.
