Airline

Southwest's profits drop in third quarter, reaches agreement with activist investor

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Southwest's profits drop in third quarter, reaches agreement with activist investor

Southwest Airlines recorded net income of $67 million, or $0.11 per diluted share, in its third quarter 2024 earnings results on October 24, 2024. Net income dropped 65.3% from last year’s third quarter. The drop in profits came as operating expenses climbed 6.6% to $6.8bn, surpassing revenue gro...

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