Southwest airlines reports first quarter 2023 results

Dallas , april 27, 2023 /prnewswire/ -- southwest airlines co. (nyse: luv) (the "company") today reported its first quarter 2023 financial results: net loss of $159 million, or $0.27 loss per diluted share net loss, excluding special items1, of $163 million, or $0.27 loss per diluted share record first quarter operating revenues of $5.7 billion liquidity2 of $12.7 billion, well in excess of debt outstanding of $8.0 billion bob jordan, president and chief executive officer, stated, "as expected, we incurred a first quarter 2023 net loss that resulted from the negative financial impact of approximately $380 million pre-tax, or $294 million after-tax, related to the december 2022 operational disruption. the majority of this impact was driven by a negative revenue impact of approximately $325 million, as a result of cancellations of holiday return travel and a deceleration in bookings for january and february 2023 travel.
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