Southwest Airlines Stock Jumps After The Third Quarter

One of the factors which are considered by investors whether should they invest in the company or not is the results of the quarterly report. If the company has outperformed the quarter, so during the next one it will continue as Southwest Airlines. According to the recent change in prices, LUV has gained more than 0.18%, and the price reached $49.47. The positive price change could be connected to the latest quarterly report from the company that was announced today.

According to the quarterly report, the net income made up $446 million. The net income was formulated from the $763 million offsets of salaries. However, the operating revenues equaled $4.7 billion, which has decreased by 17% since 2019’s third-quarter report. Lastly, the company has ended the quarter with liquidity of $17.0 billion.