DALLAS (CBSDFW.COM/AP) — Dallas-based Southwest Airways turned a revenue in June with out help from the U.S authorities., which the corporate is looking a milestone in its restoration from the pandemic.
Web earnings reached $348 million, reversing final 12 months’s loss in the identical stretch.
Per share revenue was 57 cents per share, however it was a lack of 35 cents per-share when one-time occasions are included. That was worse than the per-share lack of 21 cents that Wall Avenue anticipated, based on a survey by Zacks Funding Analysis.
Shares dipped 1.5% earlier than the opening bell Thursday.
Income, at $4.01 billion was higher than projected, nevertheless.
“Second quarter 2021 marked an vital milestone within the pandemic restoration as leisure journey demand surged,” mentioned Chairman and CEO Gary Kelly. “We generated internet earnings in June 2021, representing our first month-to-month revenue with out bearing in mind the advantage of momentary salaries and wages price aid offered by PSP proceeds, for the reason that destructive results of the pandemic started in March 2020.
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