Southwest returns to profitability – The Atlanta Voice

Southwest Airlines reported its first quarterly operating profit since the start of the pandemic. Still, when excluding the financial help it received from the government, Southwest reported another full-year loss.

The airline reported it earned $85 million in the quarter, far better than the $23 million forecast by analysts surveyed by Refinitiv. Revenue increased to $5.1 billion, up 150% from a year earlier — but still down 11% from where it was in the fourth quarter of 2019, ahead of the pandemic.

“We ended 2021 on a high note,” said CEO Gary Kelly. “While we continue to manage through an incredibly challenging operating environment, we made much progress in our recovery in 2021 and are well-positioned for future growth with our industry-leading balance sheet.”

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