Southwest reports third quarter 2021 results
Gary C. Kelly, Chairman of the Board and Chief Executive Officer, stated, Third quarter 2021 was a challenge for us, operationally. Despite the deceleration of traffic in August and September due to surging COVID-19 cases, the third quarter 2021 demand and revenue performance was quite strong and a dramatic improvement from a year ago
By Hemanth Gowda
Published - Oct 21, 2021, 05:13 PM ET
Last Updated - Jun 21, 2024, 04:00 AM EDT
Southwest Airlines Co. (NYSE: LUV) today reported its third quarter 2021 financial results:
•Third quarter net income of $446 million, or $.73 per diluted share, driven by a $763 million offset of salaries, wages, and benefits expenses related to the receipt of Payroll Support Program (PSP) proceeds under the American Rescue Plan Act of 2021
•Excluding special items1, third quarter net loss of $135 million, or $.23 loss per diluted share
