Southwest Airlines (LUV), a passenger airline that provides scheduled air transportation in the United States and near-international markets, has reported a narrower-than-expected loss for the third quarter of 2021. Shares of the company declined 1.6% and closed at $48.66 on Thursday. The company reported an adjusted loss of $0.23 per share, narrower than the Street’s expectations of a loss of $0.27 per share. The figure also compares favorably with an adjusted loss of $1.99 per share reported in the year-ago quarter. (See Southwest Airlines stock charts on TipRanks) Operating revenue in the third quarter climbed 161% year-over-year to $4.7 billion. The figure surpassed the analyst’s expectations of $4.6 billion.
https://www.tipranks.com/news/southwest-airlines-shares-drop-1-6-despite-lower-than-expected-q3-loss?utm_source=advfn.com&utm_medium=referral
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