Airline operator Southwest Airlines Company (NYSE:LUV) reported mixed fourth-quarter financial results after market close Wednesday.
Here’s the key highlights and why shares are trading higher.
• Southwest Airlines stock is surging to new heights today. What’s fueling LUV momentum?
Southwest Airlines Q4 Financial Results
Southwest Airlines reported fourth-quarter revenue of $7.44 billion, up 7.4% year-over-year. The revenue total missed a Street consensus estimate of $7.50 billion, according to data from Benzinga Pro.
The airline operator reported fourth-quarter passenger revenue of $6.8 billion, up 7.6% year-over-year.
Both overall revenue and passenger revenue were records for the fourth …