Southwest Airlines (NYSE:LUV) Expecting Q1 2023 Net Loss, Narrows Revenue Outlook

Southwest Airlines Co. (NYSE:LUV) said in a regulatory filing Tuesday it continues to expect a net loss, ‘excluding special items,’ in Q1, and has narrowed its operating revenue outlook to be up 21% to 23% from the previously expected outlook of an increase of 20% to 24%.

Southwest Airlines said in its 8-K filing with the Securities and Exchange Commission ahead of it’s investor presentation that it is still expecting a Q1 negative revenue impact of $300 million to $350 million.

The airline said, however, it continues to expect a profit for full year of 2023, also ‘excluding special items.’

And it said for Q2, bookings are expected to be in line with expectations.

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