Revenue segments as reported by the company.

Passenger

Freight

Other

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Salaries, wages, and benefits

Payroll support, voluntary separation

Fuel and oil

Maintenance materials and repairs

Landing fees and airport rentals

Depreciation and amortization

Other operating expenses

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Southwest Airlines

Southwest Airlines Co. engages in the operation and management of a passenger airline. It offers ancillary services such as early bird check-in, upgraded boarding, and transportation of pets and unaccompanied minors. The firm operates in U.S. states, District of Columbia, the Commonwealth of Puerto Rico, Mexico, Jamaica, The Bahamas, Aruba, Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos. The company was founded by Rollin W. King and Herbert D. Kelleher on March 9, 1967, and is headquartered in Dallas, TX.

Earnings data Q1 2021

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Earnings data Q1 2022

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Earnings data Q1 2023

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Earnings data Q1 2024

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Earnings data Q4 2024

Southwest Airlines reports Q4 loss, invests in tech for growth

Southwest Airlines faced challenges with operational disruptions impacting revenue but remains focused on growth and operational improvements
Investing heavily in technology and workforce expansion, Southwest aims to enhance operational resilience and prevent future disruptions
Customer loyalty and improving booking trends post-disruptions indicate a positive outlook for revenue recovery and operational stability
Addressing root causes of recent events and focusing on crew communication and technology upgrades to ensure operational efficiency

Southwest Airlines reports Q1 loss, eyes profit rebound in Q2

Southwest Airlines navigated Q1 challenges with a net loss but anticipates solid profits in Q2 and full year, focusing on cost management and revenue growth.
Despite facing cost pressures and capacity adjustments, the airline is investing in customer experience enhancements and labor negotiations for competitive compensation packages.
Strong demand for summer travel bookings and managed business travel recovery present growth opportunities for Southwest Airlines.
The company's strong balance sheet, customer-friendly policies, and brand strengths position it well for future success in the airline industry.

Southwest Airlines reports record revenue and profit outlook for 2023

Southwest Airlines delivered strong financial results in Q2 2023, with record revenue and profit expectations for the full year.
Despite challenges with weather disruptions and labor costs, the company is focused on optimizing operations and revenue efficiency.
The airline is capitalizing on opportunities in network optimization, ancillary revenue growth, and customer experience enhancements.
Maintaining a robust fare environment and strong demand signal positive momentum for Southwest Airlines.

Southwest Airlines reports robust Q3 performance and plans for growth

Southwest Airlines delivered strong financial performance in Q3 2023, with operational improvements and outperformance in key segments. The company is focused on enhancing customer experience, driving ancillary revenue growth, and aligning capacity with changing travel patterns.
Challenges include managing costs, labor pressures, and evolving consumer demands, but Southwest is proactively addressing these through strategic initiatives. Opportunities lie in capacity growth, margin improvement strategies, and product enhancements to meet evolving consumer preferences.

Southwest Airlines reports record revenue and navigates cost challenges

Southwest Airlines had a strong performance in Q4 2023, focusing on operational improvements, labor agreements, and financial stability. While facing challenges such as increased unit costs and capacity adjustments, the airline is poised to capitalize on opportunities in a strong demand environment and efficiency enhancements. The company's strategic focus remains on delivering long-term financial goals and maintaining quality service.

Southwest Airlines reports record revenues, faces challenges in capacity planning

Southwest Airlines navigated challenges in Q1 2024 with a focus on revenue growth, cost management, and operational improvements. The company is evaluating potential changes to seating arrangements to align with evolving customer preferences and operational needs. Strategic initiatives include network optimization, revenue enhancements, and maintaining financial discipline.

Southwest Airlines reports Q2 challenges and strategic transformation plans

Southwest Airlines faces challenges in revenue and cost performance but is focused on strategic transformation.
The company aims to capitalize on opportunities through new revenue management strategies and operational improvements.
Despite concerns about customer preferences, Southwest is confident in its shift to assigned seating.
Safety remains a top priority, with proactive measures to address incidents and enhance cockpit resource management.

Southwest Airlines advances transformational plan amidst operational challenges

Southwest Airlines is making significant progress on its transformational plan, focusing on revenue improvements and cost management.
Despite challenges, the company maintains strong operational performance and is committed to maximizing growth opportunities.
The strategic initiatives and focus on efficiency enhancements position Southwest Airlines for long-term success and shareholder value creation.
Adapting to market dynamics, exploring fleet monetization, and refreshing the Board with expertise are key strategies for future success.

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Cost of revenue

Gross profit

Operating expenses

SG&A

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

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Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Southwest Airlines Co. engages in the operation and management of a passenger airline. The firm also offers ancillary services such as early bird check-in, upgraded boarding, and transportation of pets and unaccompanied minors. It operates in the United States, the Commonwealth of Puerto Rico, Mexico, Jamaica, the Bahamas, Aruba, Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos. The company was founded by Rollin W. King and Herbert D. Kelleher on March 9, 1967 and is headquartered in Dallas, TX.

DALLAS , July 19, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) invites you to listen to a live webcast of its second quarter 2024 financial results. Details are as follows:      When: Thursday, July 25, 2024 at 12:30 PM Eastern Time      Who: Bob Jordan, President and Chief Executive Officer Andrew Watterson, Chief Operating Officer Tammy Romo, Executive Vice President and Chief Financial Officer      Web Address: http://www.southwestairlinesinvestorrelations.com/ To access the live audio webcast and subsequent replay, click on the link above, or go to www.southwest.com and click on "Investor Relations" under the "About Southwest" menu at the bottom of the page.

Southwest Airlines to Discuss Second Quarter 2024 Financial Results on July 25, 2024

Norwegian Cruise Line

Wynn Resorts

Revenge travel or the phenomenon of pent-up demand stemming from the COVID-19-related lockdowns may be a fading consumer behavior. But that doesn't mean travel stocks to buy have suddenly become irrelevant as an investment opportunity.

3 Travel Stocks to Buy Now: Q3 Edition

US carrier Southwest Airlines plans to jointly develop a fleet of electric air taxis to serve the California market with transportation startup Archer Aviation, the companies announced Friday.

Southwest Airlines unveils electric air taxi venture

Archer Aviation

Archer Aviation (NYSE: ACHR ) stock is up over 10% today after inking a promising new deal with Southwest Airlines (NYSE: LUV ). The two have signed a memorandum of understanding (MOU) to develop operational plans for electric air taxi networks using Archer's eVTOL aircraft at airports in California where Southwest functions.

ACHR Stock Alert: Archer Aviation Pops on Southwest Airlines Deal

Southwest Airlines and Archer Aviation are developing electric air taxi operations in California. Southwest plans to use Archer Midnight eVTOL aircraft to cut customer travel time to the airport.

Southwest Airlines is teaming up with Archer to give passengers electric flying taxis

Southwest Airlines and Archer Aviation said Friday they have agreed to develop operational plans for electric air taxi networks at California airports where the Texas-based airline operates.

Southwest Airlines, Archer Aviation to develop operational plans for flying air taxis in California

DALLAS & SANTA CLARA, Calif.--(BUSINESS WIRE)--Southwest Airlines Co. (NYSE: LUV) and Archer Aviation Inc. (NYSE: ACHR) have signed a memorandum of understanding (MOU) to develop operational plans for electric air taxi networks utilizing Archer's eVTOL aircraft at California airports where Southwest® operates. Archer Aviation is a leading manufacturer of electric vertical takeoff and landing (eVTOL) aircraft. Southwest is the Golden State's largest air carrier, operating at 14 airports across t.

Southwest Airlines Signs Memorandum of Understanding With Archer Aviation to Develop Operational Concepts for Air Taxi Network

American Airlines

United Continental Hlds

Airlines are seeing record numbers of travelers this year. All of which could provide a good deal of lift for currently undervalued airline stocks.

The 3 Most Undervalued Airline Stocks to Buy in July 2024

Sponsorship to include Customer sweepstakes throughout the year, integrations in Southeastern Conference Network programming, activations throughout the season and at major Southeastern Conference championship events, and Surprise & Delight moments DALLAS , July 11, 2024 /PRNewswire/ -- Southwest Airlines Co.  (NYSE: LUV) today announces a new, multi-year sponsorship agreement with the Southeastern Conference (SEC) and SEC Network to be the "Official Airline of the SEC." The deal—officially launched on July 1—will primarily highlight the athletic contributions to SEC football, men's and women's basketball, baseball, softball, gymnastics, and women's soccer.

SOUTHWEST AIRLINES NAMED "OFFICIAL AIRLINE OF THE SOUTHEASTERN CONFERENCE"

Elliott, known for pushing changes to boost shareholder returns, has called for a reconstitution of Southwest's board with "new, truly independent" directors possessing expertise in airlines, customer experience and technology.

Activist investor threatens Southwest Airlines with board fight: ‘Profoundly out of touch'

Elliott told Southwest's board that, barring a dramatic change in attitude, it would seek to give shareholders a "direct say" in effecting leadership change at the struggling airline. The activist suggested it would call for a special meeting of shareholders, something big shareholders can do at the airline.

Southwest Airlines activist Elliott threatens proxy fight for new leadership

Has Received Overwhelmingly Supportive Feedback about Call for Leadership Change Responds to Company's Adoption of Shareholder-Unfriendly "Poison Pill" Reiterates Measures Necessary to Improve Performance Letter is available at StrongerSouthwest.com WEST PALM BEACH, Fla. , July 8, 2024 /PRNewswire/ -- Elliott Investment Management L.P.

Elliott Sends Letter to the Board of Southwest Airlines

Southwest added a new director to its board as it seeks to stave off activist Elliott Management. The airline announced that it would add Rakesh Gangwal, a longtime airline executive and founder, to its board, less than a week after it adopted a so-called "poison pill" to contain Elliott from growing its 11% economic interest.

Southwest adds former US Airways CEO to board as it battles activist

Southwest Airlines: How Can Elliott Help? (Technical Analysis)

DALLAS , July 8, 2024 /PRNewswire/ -- The Board of Directors of Southwest Airlines Co.  (NYSE: LUV) ("Southwest") (the "Company") has appointed Rakesh Gangwal as a member of the Board, effective July 7. Gangwal has deep and extensive airline industry experience and is the co-founder of India's largest airline by fleet size and passengers carried, InterGlobe Aviation, known as IndiGo.

SOUTHWEST AIRLINES ANNOUNCES APPOINTMENT OF RAKESH GANGWAL, EXPERIENCED AIRLINE EXECUTIVE AND ENTREPRENEUR, TO BOARD OF DIRECTORS

Alaska Air Group

Delta Air Lines

JetBlue Airways

Spirit Airlines

Frontier Group Holdings

Higher payroll and other expenses are eating into airline profits despite strong travel demand. Airlines have ramped up U.S. capacity, forcing some carriers to discount fares in off-peak periods.

Air travel demand is breaking records. Airline profits are not

Since Elliott Management announced its $1.9 billion stake in Southwest Airlines in June, the stock is down slightly. The activist hedge fund has never run a campaign at an airline before, but there are similarities with two of its past investments, at Suncor and Marathon.

Southwest Airlines shareholders puzzled by Elliott's activism can look to past campaigns for insight

Advanced Micro Devices

Booking Hlds

It's likely that the 2024 summer travel season will be one marked by a further return to normalcy. The summer of 2023 was a particularly strong travel season with nearly 1/3 of American households taking a vacation.

3 Hot Stocks You Can't Afford to Skip This Summer

The airline industry was once a symbol of soaring growth, but recently, it has been navigating a turbulent environment. Rising operating costs, economic uncertainty, and operational disruptions have created significant airline industry headwinds.

3 Sky High Stocks: Which Airline Takes the Lead?

Paramount Global

Wednesday's abbreviated session was jam-packed with news, including labor market updates and Southwest Airlines' "poison pill."

Stock Market Today: S&P 500, Nasdaq End at Record Highs Ahead of July 4th

Southwest Airlines (NYSE: LUV ) is in the news Wednesday after the airline company adopted a poison pill plan. Let's go over everything investors need to know about this poison pill plan below!

Southwest Airlines Adopts a Poison Pill Plan: 7 Things to Know

Southwest Airlines (LUV) on Wednesday implemented a so-called “poison pill” shareholder rights plan to prevent activist Elliott Investment Management from acquiring additional shares.

Southwest Adopts 'Poison Pill' Shareholder Rights Plan

MongoDB

Pfizer

When it rains, it pours. However, the storm will eventually pass.

3 Undervalued Stocks Poised for a Jaw-Dropping Breakout

Southwest Airlines Co (NYSE:LUV) has adopted a limited-duration shareholder rights plan to safeguard the interests of its shareholders in the face of an activist campaign launched by Elliott Investment Management. The plan, effective immediately, aims to prevent Elliott – or any person or group – from gaining control of the company without offering a fair premium to shareholders.

Southwest Airlines moves to safeguard against activist campaign

The company said in June that it has built a $1.9 billion stake in the airline, making it one of the largest shareholders.

News for Southwest Airlines Stock (LUV)