Investing.com - Southwest Airlines (NYSE:LUV) reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Southwest Airlines announced earnings per share of $-2.67 on revenue of $1.01B. Analysts polled by Investing.com anticipated EPS of $-2.61 on revenue of $920.22M.
Southwest Airlines shares are down 38.31% from the beginning of the year and are trading at $33.30 , down-from-52-week-high.They are under-performing the S&P 500 which is up 1.4% from the start of the year.
Southwest Airlines follows other major Transportation sector earnings this month
Southwest Airlines's report follows an earnings beat by Canadian National Railway on Tuesday, who reported EPS of $1.28 on revenue of $3.21B, compared to forecasts EPS of $0.92 on revenue of $3,249M.
CSX had beat expectations on Wednesday with second quarter EPS of $0.65 on revenue of $2.26B, compared to forecast for EPS of $0.64 on revenue of $2.32B.
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