DALLAS (AP) — DALLAS (AP) — Southwest Airlines Co. (LUV) on Thursday reported a loss of $231 million in its first quarter.
On a per-share basis, the Dallas-based company said it had a loss of 39 cents. Losses, adjusted for non-recurring costs, came to 36 cents per share.
The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 34 cents per share.
The airline posted revenue of $6.33 billion in the period, also falling short of Street forecasts. Six analysts surveyed by Zacks expected $6.45 billion.
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