Airline

Southwest reports loss despite 21.6% revenue increase

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Southwest reports loss despite 21.6% revenue increase

Southwest Airlines recorded a net $159 million loss in the first quarter (Q1 2023), despite setting a record for the early year period with $5.7bn in reported revenue. The loss equated to 27 cents per share, while the reported revenue amounted to a 21.6% year-on-year increase. "The company's first q...

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