Southwest Airlines
Q3 2022 Earnings Call
Oct 27, 2022, 12:30 p.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good day, everyone, and welcome to the Southwest Airlines third quarter 2022 conference call. My name is Jamie, and I'll be moderating today's conference. This call is being recorded and a replay will be available on southwest.com in the Investor Relations section. [Operator instructions] At this time, I'd like to hand the conference over to Mr.
Ryan Martinez, vice president of investor relations. Sir, you may begin.
Ryan Martinez -- Vice President, Investor Relations
Thank you, operator, and welcome, everyone, to our third quarter earnings call. In just a moment, we will share some prepared remarks and then open it up for Q&A. And on the call today, we have our CEO, Bob Jordan; president, Mike Van de Ven; chief operating officer, Andrew Watterson; and executive vice president and CFO, Tammy Romo. We also have a few other senior leaders in the room today, including Ryan Green, our new executive vice president and chief commercial officer.
A quick reminder that we will make forward-looking statements, which are based on our current expectations of future performance, and our actual results could differ. Also, we had a few special items in our third quarter results, which we excluded from our trends for non-GAAP purposes, and we will reference our non-GAAP results today. So please refer to the press release from this morning in our Investor Relations website for more information. And with that, Bob, I'll turn it over to you.
Bob Jordan -- Executive Vice President, Corporate Services
All right. Well, thank you, Ryan, and I appreciate everybody joining us this morning. I'm just really pleased to report another solid profit in the third quarter of $316 million, excluding special items, or $0.50 a share. All in all, third quarter's bottom line results came in almost right in line with our expectations back in July, slightly better, in fact, and that really speaks to the more stable environment that we are operating in today versus where we were just two quarters ago.
While not fully recovered yet, it makes a big difference in our ability to more effectively plan, set our flight schedules and avoid revising them and deliver a more reliable operation both for our customers and our employees. That's exactly what we're doing in the second half of 2022, and that's what we plan to do going forward. Given the significant progress we've made thus far, we do not intend to republish or materially change our future flight schedules as was necessary to do during most of the pandemic. One of our primary goals for this year is returning to consistent profitability, and we are well on our way and continue to expect a solid profit for 2022.