Revenue Update on Southwest Airlines Co(NYSE:LUV)

Southwest Airlines Co(NYSE:LUV) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 21, 2016. Company reported revenue of $5.38B. Analysts estimated a revenue of $5.41B. Earnings per share were $1.19. Analysts had estimated an EPS of $1.21.

Southwest Airlines Co (LUV) shares turned negative on Wednesdays trading session with the shares closing down -0.69 points or -1.62% at a volume of 82,25,088. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $43.03. The peak price level was also seen at $43.03 while the days lowest was $41.94. Finally the shares closed at $42.03. The 52-week high of the shares is $51.34 while the 52-week low is $32.94. According to the latest information available, the market cap of the company is $26,844 M.

Several Insider Transactions has been reported to the SEC. On Jun 9, 2016, John T Montford (director) sold 1,210 shares at $43.31 per share price.Also, On May 31, 2016, Jeff Lamb (EVP, Corporate Services) sold 18,765 shares at $41.79 per share price.On Apr 27, 2016, Mark R Shaw (SVP,Gen Counsel,Corp.Secretary) sold 100 shares at $47.31 per share price, according to the Form-4 filing with the securities and exchange commission.

Southwest Airlines Co. operates Southwest Airlines (Southwest). Southwest is a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company serves around 93 destinations in 40 states and runs international services to Montego Bay Nassau Oranjestad Cabo San Lucas/Los Cabos Cancun Mexico City and Punta Cana. It serves around 17 non-stop destinations and 581 non-stop city pairs. It operates around 665 Boeing 737 aircrafts. It provides several products such as Business Select Fly By Priority Lanes and SWABIZ. Its Website enables purchasing and managing travel online. It offers and in a translated Spanish version. Southwest provides inflight satellite-based wireless fidelity (Wi-Fi) service and live television. Its service offerings include EarlyBird Check-In Pets Are Welcome on Southwest (P.A.W.S.) products Automated Outbound Messaging (AOM) service and

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