SOUTHWEST AIRLINES REPORTS FIRST QUARTER RESULTS, BUSINESS TRANSFORMATION INITIATIVES DELIVER MEANINGFUL MARGIN EXPANSION

$227 million net income and $0.45 EPS, in line with guidance Operating margin of 4.6%, an improvement of 8.1 points year-over-year Generated $1.4 billion in operating cash flow in the quarter Record first‑quarter passenger, operating, and unit revenues Managed business revenue performance...