Southwest Airlines records strong Q2 2023

Southwest Airlines recorded a record operating profit of $7 billion in the second quarter (Q2) of 2023 driven by what it described as resilient demand in the leisure travel market. The airline reported a net income of $683 million closing the quarter with strong operational performance. Southwest said that it expects this strong momentum to continue into the year’s second half, resulting in a $1.0 billion to $1.5 billion pre-tax profit for the entire year. Southwest achieved a completion factor of more than 99%, setting a new record in terms of the number of flights, passengers, and bags, resulting in