DALLAS (AP) — Southwest Airlines is reporting that fourth-quarter net income soared to .89 billion on a massive tax benefit.
Per-share profit for the Dallas carrier was .18, but 77 cents when adjusted for one-time gains, including .4 billion due to sweeping changes in U.S. tax law. Per-share earnings are still a penny better than Wall Street expected, according to a survey by Zacks Investment Research.
Revenue, at .27 billion, also edged out analyst projections of .24 billion.
Shares of Southwest Airlines Co. faded slightly before the opening bell Thursday.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LUV at https://www.zacks.com/ap/LUV