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.

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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.

An activist investor has bought a big stake in Southwest Airlines and is asking for major changes. Elliott Management wants a new CEO and a total review of Southwest's business model.

Southwest is under pressure to make big changes to its planes, flights, and bag rules: Here's what they could all look like

DALLAS , June 18, 2024 /PRNewswire/ --  Southwest Airlines Co.  (NYSE: LUV) continues its birthday celebration with a sale on flights starting as low as $53 one-way in honor of the carrier turning 53. Starting today through June 20, 2024, Customers can book these fares for their next getaway for continental U.S. travel between August 6 and December 18, 2024, and Hawaii, international, and San Juan, Puerto Rico travel between August 20 and November 20, 2024.

SOUTHWEST AIRLINES CELEBRATES BIRTHDAY WITH FARES AS LOW AS $53 ONE-WAY

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Despite talk of the “revenge travel” trend cooling down, recent headlines strongly suggest that travel demand is coming back with a vengeance. Or, at the very least, holding steady at elevated levels.

7 Travel Stocks to Buy as a Summer Surge Sees Record Trips

News comes as US regulators investigate separate incident after Boeing 737 Max 8 plane did a ‘Dutch roll' in May

FAA investigates after Southwest plane drops to ‘within 400ft' of Pacific Ocean

A Boeing 737 Max suffered damage to parts of the plane's structure after it went into a "Dutch roll" during a Southwest Airlines flight last month, U.S. investigators said Friday.

A Southwest Airlines plane that did a 'Dutch roll' suffered structural damage, investigators say

Boeing

The National Transportation Safety Board said Friday it is opening an investigation into a May 25 in-flight oscillation event involving a Boeing 737 MAX operated by Southwest Airlines.

US NTSB opens probe into Southwest Boeing 737 MAX in-flight event

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Southwest Airlines LUV 1.39%increase; green up pointing triangle is flying through an identity crisis. Expect turbulence.

Can Southwest Airlines Find Its Way Again?

Artisan Partners, one of Southwest's biggest shareholders, said on Wednesday that it agreed with many of activist Elliott's demands at the airline. Elliott is seeking to oust CEO Bob Jordan and executive chairman Gary Kelly, something that Artisan also signaled support for.

Top Southwest shareholder signals support for Elliott activist campaign

DALLAS — The chief executive of Southwest Airlines Co. said Wednesday he will not resign in the face of pressure from a hedge fund that wants him fired, and that his leadership team will produce its own plan to boost the airline's financial performance.

Southwest Airlines CEO says he won't resign amid pressure from hedge fund Elliott Investment Management

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The consumer price index report showed that airline fares fell 3.6% in May from the previous month.

Airline Stocks Are Soaring on Lower Fares. Here's Why.

MILWAUKEE, June 12, 2024 (GLOBE NEWSWIRE) -- The Artisan Partners Global Value Team today sent a letter to the Board of Directors of Southwest Airlines Co. (NYSE: LUV). The full text of the letter is as follows:

Artisan Partners Global Value Team Sends Letter to the Board of Southwest Airlines

Activist investor Elliott Investment Management called for leadership and board changes at Southwest after reporting a stake worth about $1.9 billion in the carrier.

Southwest Airlines CEO rejects calls to resign: ‘We have a great plan and will execute'

Southwest Airlines CEO Bob Jordan said on Wednesday he has no intention of stepping down despite pressure from activist Elliott Investment Management.

Southwest Airlines CEO says no plans to step down despite pressure from activist Elliott

Southwest Airlines CEO Bob Jordan said on Wednesday he will not resign as the air carrier faces pressure from activist investor Elliott Investment Management, with it already considering amendments to its open-seating policy and other potential changes.

Southwest CEO will not resign, will consider input from activist investor Elliott

Southwest Airlines CEO Bob Jordan said the company is ready to adapt to changing customer trends like premium seating as demand shifts. Jordan's comments came days after hedge fund Elliott Management disclosed a nearly $2 billion stake in Southwest and said it wants to replace the carrier's CEO and chairman.

Southwest CEO vows change as activist investor pushes for new leadership

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After a long year and a half of trading within a tight $27 to $35 channel roughly, shares of Southwest Airlines Co. NYSE: LUV have finally run into the catalyst investors were looking for to bring this company back to its former glory what some may even call its actual value.

Can Southwest Airlines Stock Truly Rally 77% on Activist Plans?

Elliott Investment Management made a large investment in Southwest Airlines Co. due to underperformance, calling for a leadership upgrade and predicting a 77% upside potential. The airline faces revenue and cost performance issues, needing a vast operating improvement to justify the current price compared to legacy airlines. Legacy airlines like Delta and United are better deals, trading at lower P/E ratios and not requiring strategic turnarounds to perform well.

Southwest Airlines: Elliott Had Easier Options

DALLAS , June 10, 2024 /PRNewswire/ --  Southwest Airlines Co.  (NYSE: LUV) today reiterated its willingness to meet with Elliott Investment Management L.P. ("Elliott") to further discuss the airline's strategy to enhance value for all Shareholders: Southwest Airlines maintains an open dialogue with our Shareholders and values their perspectives related to enhancing Shareholder value.

SOUTHWEST AIRLINES COMMENTS ON LETTER AND PRESENTATION FROM ELLIOTT INVESTMENT MANAGEMENT

Major U.S. equities indexes ticked higher to kick off a new trading week that will see the Federal Reserve take center stage with its latest policy decision set to be announced Wednesday.

S&P 500 Gains and Losses Today: Southwest Airlines Soars as Activist Pushes for Change

Elliott Investment Management has called for changes at Southwest Airlines to fix what it says is poor performance. Southwest's share price has plummeted over 50% in three years, below March 2020 levels.

An activist investor with a new $1.9 billion stake in Southwest is calling for big changes at the airline

Elliott's decision to hold a stake in Southwest (LUV) comes while the airline is suffering from multiple woes.

Activist Investor Builds Stake in Southwest (LUV) , Shares Up

Airline launches early access to one of the biggest sales of the year for Rapid Rewards Members, followed by a four-day window for all Customers. Wanna Get Away Day Sweepstakes offers daily prizes, including up to 25 million Rapid Rewards bonus points and promotional Companion Pass experiences.

SOUTHWEST AIRLINES CELEBRATES WANNA GET AWAY WEEK WITH EXCLUSIVE OFFERS AND WEEK-LONG SWEEPSTAKES

Aerospace suppliers are better investments than airlines due to their stability and potential in the face of operational and market challenges. Southwest Airlines presents a short-term trading opportunity with potential for significant gains, especially with activist investor Elliott involved. Despite challenges, Southwest's strategic initiatives and potential changes driven by activists could unlock value and improve profitability.

News for Southwest Airlines Stock (LUV)