Southwest's plan 'remains on track' despite Q4 miss, CEO says
Southwest Airlines (LUV) reported mixed fourth quarter results Thursday morning, exceeding profit expectations but falling short of revenue estimates. Southwest Airlines CEO Bob Jordan joins Catalysts to discuss the company's outlook. Jordan characterizes the quarter as "solid," emphasizing that "everything in the plan, including our strategic initiatives, remains on track." He highlights several key developments, including a new agreement with Chase (JPM), expanded getaway package partnerships, and maintaining strong cost discipline: "I'm really proud of the progress. Lot's more work to do, but the team is on it, and we are executing." On the demand front, Jordan reports continued strength despite headwinds from capacity constraints and manufacturer-related challenges. He emphasizes the company's holiday performance, noting it "strongly beat" competitors during this crucial period. However, Jordan projects modest growth ahead, forecasting just 1-2% through 2027 as the airline works to reposition its capacity. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Angel Smith
