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FINWIRES

Southwest Airlines Q1 Swings to Profit, Revenue Rises; Shares Drop After Hours

-- Southwest Airlines (LUV) reported Q1 adjusted earnings late Wednesday of $0.45 per diluted share, swinging from the loss of $0.13 a year earlier.

Analysts polled by FactSet expected earnings of $0.47.

Revenue in the three months ended March 31 rose to $7.25 billion from $6.43 billion a year earlier, the company said in a statement.

Analysts surveyed by FactSet expected $7.27 billion.

The company expects Q2 adjusted EPS of $0.35 to $0.65. Analysts project $0.53.

"Given the ongoing macroeconomic uncertainty, updating the company's full-year adjusted EPS guidance of $4.00 would not be productive at this time," according to the statement.

Southwest Airlines shares fell 4.9% in after-hours trading.

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