The report was a down note for an otherwise good reporting season for U.S. major air carriers
Southwest Airlines Co. on Thursday reported deeper losses than Wall Street’s dimmer expectations predicted, marring an otherwise good reporting season for U.S. major air carriers.
Southwest LUV and American Airlines Group Inc. AAL reported their fourth-quarter results earlier Thursday, with Southwest losing an adjusted 38 cents a share, compared with consensus adjusted losses of around 7 cents a share. American Airlines topped Wall Street expectations and showed no surprises from its upbeat outlook earlier in January.
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