Southwest reports third quarter 2021 results

Dallas, oct. 21, 2021 /prnewswire/ -- southwest airlines co. (nyse: luv) (the "company") today reported its third quarter 2021 financial results: third quarter net income of $446 million, or $.73 per diluted share, driven by a $763 million offset of salaries, wages, and benefits expenses related to the receipt of payroll support program (psp) proceeds under the american rescue plan act of 2021 excluding special items1, third quarter net loss of $135 million, or $.23 loss per diluted share third quarter operating revenues of $4.7 billion, down 17.0 percent compared with third quarter 2019 ended third quarter with liquidity2 of $17.0 billion, well in excess of debt outstanding of $11.2 billion gary c. kelly, chairman of the board and chief executive officer, stated, "third quarter 2021 was a challenge for us, operationally.
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