Southwest Airlines Co. (the “Company”) today reported its first quarter 2014 results:- Record first quarter net income, excluding special items*, of $126 million, or $.18 per diluted share, compared to first quarter 2013 net income, excluding special items, of $53 million, or $.07 per diluted share. This exceeded the First Call consensus estimate of $.16 per diluted share.
- Record first quarter net income of $152 million, or $.22 per diluted share, which included $26 million (net) of favorable special items, compared to net income of$59 million, or $.08 per diluted share, in first quarter 2013, which included $6 million (net) of favorable special items.
- Record first quarter operating income of $215 million; $242 million excluding special items.
- Return on invested capital*, before taxes and excluding special items (ROIC), for the 12 months ended March 31, 2014, of 14.2 percent, as compared to 8.3 percent for the 12 months ended March 31, 2013.
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