Alerts Sign-up
Southwest Airlines has reported a record revenue of $27.6 billion for 2024, marking a significant milestone for the airline. The company's chief executive, Bob Jordan, highlighted the positive momentum from revenue initiatives and operational performance as key contributors to this achievement.
The airline concluded the fourth quarter of 2024 with a net income of $261 million and a full-year net income of $465 million. Revenues reached $6.9 billion in Q4 2024 and totaled $27.5 billion for the year, with liquidity at $9.7 billion surpassing its debt of $6.7 billion.
Despite these successes, Jordan acknowledged that there is still work to be done but noted that improvements from tactical initiatives are progressing faster than expected due to "a constructive demand environment and industry backdrop." He added, "Based on confidence in our performance and outlook, we are launching a $750 million accelerated share repurchase, with the initial $250 million share repurchase now complete."
