Southwest airlines reports fourth quarter and full year 2022 results

Dallas , jan. 26, 2023 /prnewswire/ -- southwest airlines co. (nyse: luv) (the "company") today reported its fourth quarter and full year 2022 financial results: fourth quarter net loss of $220 million, or $0.37 loss per diluted share fourth quarter net loss, excluding special items1, of $226 million, or $0.38 loss per diluted share full year net income of $539 million, or $0.87 per diluted share full year net income, excluding special items, of $723 million, or $1.16 per diluted share record fourth quarter and full year operating revenues of $6.2 billion and $23.8 billion, respectively liquidity2 of $13.3 billion, well in excess of debt outstanding of $8.1 billion bob jordan, president and chief executive officer, stated, "due to the operational disruptions in late december, which resulted in more than 16,700 flight cancellations, we incurred a fourth quarter pre-tax negative impact of approximately $800 million (or approximately $620 million on an after-tax basis), which resulted in a fourth quarter 2022 net loss. despite the negative financial impacts in first quarter 2022 due to the omicron variant and in fourth quarter 2022 due to the operational disruptions, we generated full year 2022 net income, excluding special items, of $723 million.
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