Categories: Business

Southwest Airlines defies expectations with Q3 profit

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TDG Syndication

CHICAGO (Reuters) -Southwest Airlines surprisingly reported a third-quarter profit on Wednesday, helped by stronger revenue and lower-than-expected operating costs. The Texas-based carrier reported an adjusted profit of 11 cents a share, compared with analysts' average expectations of a loss of 3 cents, according to data compiled by LSEG. Operating revenue totaled about $6.95 billion, compared with $6.29 billion expected by analysts. (Reporting by Rajesh Kumar Singh; Editing by Richard Chang) (The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
TDG Syndication
Published by TDG Syndication