One of the winners on the stock exchange Thursday was Southwest Airlines (NYSE: LUV). The ever-scrappy carrier's share price had plenty of lift, with investors sending it up by more than 5% following an estimate-beating quarterly earnings report.

An announcement of certain changes in operating strategy also helped. That 5%-plus gain contrasted with the S 500 index, which slumped to close 0.5% lower on the day.

Southwest unveiled its second-quarter numbers before the market open, revealing it booked $7.35 billion in revenue to set a new quarterly record. It was also nearly 5% higher than the second-quarter 2023 tally. This was fueled by heavy demand, as the number of passengers carried also notched an all-time record for the airline.

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Source Fool.com