Southwest Air 4Q earnings top estimates

Published 01-24-2019

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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.

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