Southwest Airlines will post its second quarter earnings on August 4 before market opens. The low-cost carrier is estimated to post second quarter earnings at 21 cents, which is a 29.02% decline over the same period 12 months ago. But the airline has consistently shown growth over the past four quarters and this is expected to continue.
In the first quarter, Southwest Airlines delivered strong results in terms of revenue and traffic growth that largely offset higher fuel and oil expenses. Total revenue was up too in the first quarter owing to a strong load factor coupled and strong passenger revenue yields, even though operating expenses, mainly fuel, continued to rise year over year.