Southwest reports Q2 profit

Southwest Airlines Co. (NYSE: LUV) has reported its second quarter 2017 results, the company said.

Net income of USD 746 million, diluted earnings per share of USD 1.23, operating income of USD 1.25 billion, and operating margin1 of 21.8 percent.

Excluding special items, net income of USD 748 million, diluted earnings per share of USD 1.24, operating income of USD 1.21 billion, and operating margin3 of 21.1 percent.

Second quarter operating cash flow of USD 746 million and second quarter free cash flow2 of USD 195 million.

Returned USD 476 million to Shareholders through a combination of dividends and share repurchases.

Return on invested capital (ROIC)2 for 12 months ended June 30, 2017, of 27.5 percent

Second quarter 2017 operating income was USD 1.25 billion, compared with USD 1.28 billion in second quarter 2016. Excluding special items, second quarter 2017 operating income was USD 1.21 billion, compared with USD 1.27 billion in second quarter 2016.

In its 47th year of service, Dallas-based Southwest Airlines (NYSE: LUV) operates a network of 101 destinations in the United States and nine additional countries with more than 4,000 departures a day during peak travel season.