The good news for Southwest Airlines is that it came back from those crises, and there are several ways it could bounce back from its latest one. But the road to recovery is not likely to be quick or easy and will involve more than resuming normal operations, which the airline said it expects to happen on Friday.
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Southwest Airlines is forecasted to grow earnings and revenue by 28.9% and 5.9% per annum respectively. EPS is expected to grow by 30.8%. Return on equity is forecast to be 17.5% in 3 years.
Southwest Airlines reviewsAccording to the 2022 Airline Quality Rating report, Southwest was ranked as the No. 1 airline in 2021 and 2020. In addition, Southwest had the second lowest consumer complaint rate in 2021.
No First-Class Or Meals. For those who like flying first class and getting a meal on your flight, Southwest does not do this. You can get a great seat if you get Business Class, but you're not guaranteed to sit in the front row.
Top 10 best domestic airlines 2023Southwest Airlines is the second highest-rated domestic airline, with a score of 5.56. While the airline only scored 2 out of 5 for its in-flight entertainment, Southwest excelled thanks to its baggage allowance policy.
WalletHub ranked Southwest as the worst airline in the US for the second year in a row. The airline fared poorly in nearly all categories, with the exception of comfort-related categories including legroom, entertainment options, and WiFi availability.
The top 10 safest airlines 2023Qantas took the top spot in the AirlineRatings.com study. Australia's largest carrier outranked last year's winner Air New Zealand, which came second.
It wasn't all good news: The lingering impact of massive service problems caused Southwest Airlines to report a first-quarter loss, as the airline warned would happen three months ago. Weak bookings in January and February caused a $325 million hit to revenue in the quarter.