DALLAS (AP) - Southwest Airlines Co. says it earned record results in the latest quarter, helped by higher revenue and strong yields.
The Dallas-based company said Thursday it earned $654 million, or $1.17 per share, the last three months of the year.
The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.
The airline's revenue was $5.7 billion in the period, also beating Street forecasts. Eleven analysts expected $5.68 billion.
Looking ahead, Southwest Air expects a strong first quarter, citing strong passenger demand.
Shares rose 5.2 percent in premarket trading.