Southwest Airlines Company (NYSE:LUV) missed analyst estimates for first-quarter revenue and earnings per share, sending shares lower on Wednesday after market close.
• Southwest Airlines stock is showing notable weakness. What’s behind LUV decline?
Southwest Airlines Q1 Results
Southwest reported first-quarter revenue of $7.25 billion, up 12.8% year-over-year. The revenue total was a company record for the first quarter, but came in shy of a Street consensus estimate of $7.27 billion, according to data from Benzinga Pro.
First-quarter passenger revenue of $6.6 billion was up 13.4% year-over-year and a company first quarter record.
Overall, the company set first-quarter records for first-quarter passenger, operating and unit revenues.
The company’s first-quarter earnings per share of 45 cents also missed the Street …
