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 2023

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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.

Revenue

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

Long-term debt

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.

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.

Southwest Airlines Fights Back Against Activist Elliott

Southwest Airlines has adopted a shareholder rights plan, also known as a poison pill, to fend off an effort from activist Elliott Management. Elliott is pushing to oust Southwest CEO Bob Jordan and chairman Gary Kelly.

Southwest Airlines adopts 'poison pill' to fend off activist Elliott Management

Southwest Airlines said on Wednesday it had adopted a poison pill after activist investor Elliott Investment Management pushed for changes at the carrier.

Southwest Airlines adopts poison pill after Elliott pushes for changes

Southwest Airlines Co. LUV, +0.64% said Wednesday it's adopting a limited-duration shareholder rights plan with immediate effect. A rights plan, also known as a poison pill, protects companies from hostile takeovers as it forces a bidder to negotiate with the board and not directly with shareholders.

Southwest Airlines adopts shareholder rights plan after Elliott Management discloses 11% stake

Board Acts in Response to a Significant Accumulation by Elliott Investment Management Protects Value of All Shareholders' Investments in Southwest Airlines DALLAS , July 3, 2024 /PRNewswire/ -- The Southwest Airlines Co.  (NYSE: LUV) Board of Directors today announced that it has approved the adoption of a limited-duration Shareholder rights plan ("Rights Plan"). The Rights Plan is effective immediately and will expire in one year.

SOUTHWEST AIRLINES ADOPTS LIMITED-DURATION SHAREHOLDER RIGHTS PLAN

The National Transportation Safety Board and Federal Aviation Administration said on Friday it will investigate a Southwest Airlines flight that departed from a temporarily closed runway in Maine earlier this week.

FAA and NTSB to investigate Southwest flight that departed from a closed runway in Maine

The incident occurred early Tuesday morning at Portland International Jetport in Maine.

News for Southwest Airlines Stock (LUV)