The adverse revenue impact was primarily concentrated in January and February. Photo: Wikimedia Commons Strong Results and Future Insightsĭespite facing a negative revenue impact of approximately $325 million attributed to the operational disruption in December 2022, Southwest Airlines demonstrated strong revenue performance in the first quarter of 2023. While upholding our renowned standard of customer service.
Our focus remains unwavering on making operational investments and ensuring a safe, reliable, and efficient operation. Publicly shared the summary report and action plan, which can be accessed at We are committed to meeting our objectives and completing the action plan by winter 2023. We successfully concluded the evaluations of the operational disruption that occurred in December 2022. Southwest Airlines achieved second in domestic on-time performance year-to-date through March 2023, despite facing the challenges posed by nine named storms. “Our operational performance in the first quarter of 2023 was highly commendable. Leading to strong profitability for the month and record-breaking first-quarter revenues. However, we witnessed robust travel demand and revenue trends in March 2023. Or $294 million after-tax, attributable to the operational disruption in December 2022.”Ī significant portion of this impact was driven by a decline in revenue of around $325 million due to holiday return travel cancellations and a slowdown in bookings for January and February 2023. The President and Chief Executive Officer Bob Jordan commented on the first quarter results, stating, “As anticipated, our net loss in the first quarter of 2023 was influenced by the adverse financial effects of approximately $380 million pre-tax. By Tomás Del Coro from Las Vegas, Nevada, USA – N8712L Southwest Airlines Boeing 737-8 MAX s/n 36930, CC BY-SA 2.0, Southwest First Quarter Results
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