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A Southwest Airways Co. Boeing 737 passenger jet arrives at Halfway Worldwide Airport (MDW) in Chicago, Illinois, U.S., on Monday, Oct. 11, 2021.
Luke Sharrett | Bloomberg | Getty Photos
Southwest Airways on Thursday reported a third-quarter revenue on Thursday because of a lift from federal payroll support however stated operational issues from understaffing for the aggressive progress it deliberate harm its backside line.
Dallas-based Southwest earlier this month canceled greater than 2,000 flights between Oct. 8 and Oct. 13, blaming the problems on dangerous climate in Florida, air visitors management compounded by staffing shortages.
Southwest stated the disruptions price it $75 million from cancellations, buyer refunds and “gestures of goodwill.”
Here is how Southwest carried out within the second quarter in contrast with what Wall Road anticipated, primarily based on common estimates compiled by Refinitiv:
- Adjusted outcomes per share: a lack of 23 cents versus an anticipated lack of 27 cents.
- Complete income: $4.68 billion versus anticipated $4.58 billion.
That is breaking information. Verify again for updates.
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