Southwest reports second quarter 2021 results

Dallas, july 22, 2021 /prnewswire/ -- southwest airlines co. (nyse: luv) (the "company") today reported its second quarter 2021 financial results: second quarter net income of $348 million, or $.57 per diluted share, driven by a $724 million offset of salaries, wages, and benefits expenses related to the receipt of payroll support program (psp) proceeds under the consolidated appropriations act, 2021 and american rescue plan act of 2021 excluding special items¹, second quarter net loss of $206 million, or $.35 loss per diluted share second quarter operating revenues of $4.0 billion, down 32.2 percent compared with second quarter 2019 generated second quarter operating cash flow of $2.0 billion and free cash flow¹ of $1.9 billion; achieved positive average daily core cash flow² in june ended second quarter with liquidity³ of $17.9 billion, well in excess of debt outstanding of $11.4 billion gary c. kelly, chairman of the board and chief executive officer, stated, "second quarter 2021 marked an important milestone in the pandemic recovery as leisure travel demand surged.
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