DALLAS (AP) — DALLAS (AP) — Southwest Airlines Co. (LUV) on Thursday reported a loss of $159 million in its first quarter.
On a per-share basis, the Dallas-based company said it had a loss of 27 cents.
The results fell short of Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 21 cents per share.
The airline posted revenue of $5.71 billion in the period, which also did not meet Street forecasts. Eight analysts surveyed by Zacks expected $5.74 billion.
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