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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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.

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.

Delta Air Lines

United Continental Hlds

Airline stocks were hit hard in 2020 but became a breakout hit for young investors, with trading volumes reaching historic levels. Despite challenges such as war and rising costs, US air travel continues to soar, with consumers showing no signs of changing their travel habits. Airlines have leveraged rewards and co-branded credit cards to generate additional revenue, with loyalty programs accounting for billions of dollars in sales.

How Airlines Boost Revenue With Co-Branded Credit Cards

Southwest Airlines (LUV) third-quarter 2023 revenues are expected to have benefited from growth in air-travel demand. Rising expenses are likely to have weighed on the bottom line.

What's in Store for Southwest Airlines (LUV) in Q3 Earnings?

Southwest's market share dipped in 2022 amid rising low-cost competition, while overall airline revenues continued growing. Southwest's low-cost model and strategic decisions provide better margins compared to competitors. Best balance sheet in the U.S. airline industry.

Southwest Airlines: Should Double If Economy Remains Stable

The conservative Christian legal group Alliance Defending Freedom on Friday argued it was well qualified to instruct three lawyers at Southwest Airlines on religious liberty should an appeals court uphold a federal judge's order mandating the training as a sanction.

Religious rights group says it's qualified to train Southwest Airlines lawyers

American Airlines

Alaska Air Group

Booking Hlds

Marriott

Spirit Airlines

Frontier Group Holdings

Revenge travel refers to the boom that occurred as Covid restrictions eased and people rebooked canceled travel plans and took advantage of their freedom to move around again.

Is the Revenge Travel Boom Starting to Fizzle Out?

Southwest Airlines (LUV) concluded the recent trading session at $24.37, signifying a -1.34% move from its prior day's close.

Southwest Airlines (LUV) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Morgan Stanley

Netflix

No one wants to catch a falling knife, but everyone loves a bargain, and tracking stocks that have been falling hard can be a great way to spot one. One of the most common indicators out there that's used for just that purpose is a stock's Relative Strength Index (RSI).

3 Mega Caps With RSIs That Scream Oversold

It should be the best of times for U.S. airlines with a travel boom still going strong, but investors are nervous demand may soften as the economy falters, making it harder to protect profits from soaring costs.

US airline investors worry the travel boom may be coming in for a landing

Southwest offers a new level of digital hospitality with streamlined suite of solutions designed to make it easier to manage meetings travel DALLAS , Oct. 17, 2023 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) today revealed Southwest Business Meetings, a re-designed experience created to make it easier than ever for meeting planners to manage travel on Southwest Airlines®. Industry-leading tools such as automated proposal processes, complimentary name change requests up until 24 hours before scheduled departure*, and better reporting now give meeting planners peace of mind when choosing Southwest® to get their meeting participants to and from their events.

TAKING FLIGHT TODAY: SOUTHWEST AIRLINES MAKES MANAGING TRAVEL EVEN EASIER FOR MEETING AND EVENT PLANNERS

DALLAS , Oct. 16, 2023 /PRNewswire/ --  Southwest Airlines Co.  (NYSE: LUV) today announced recent Leadership updates across the Company. These changes are effective immediately and represent a continuation of the organizational structure work that began in  September 2022  and has continued into  2023.

SOUTHWEST AIRLINES ANNOUNCES LEADERSHIP PROMOTIONS

Enhancements include lowering flight requirements and Southwest Rapid Rewards Credit Card spend to reach A-List and A-List Preferred tier status faster; new perk for A-List Preferred; and more DALLAS , Oct. 16, 2023 /PRNewswire/ --  Southwest Airlines Co.  (NYSE: LUV) today announced five enhancements to the award-winning Rapid Rewards®1 program. The enhancements reward the airline's loyal Members by making it easier for Customers to earn tier status; awarding A-List Preferred Members with up to two complimentary premium drinks; and allowing Customers to pay for Southwest® flights using a combination of cash and Rapid Rewards® points.

SOUTHWEST AIRLINES ANNOUNCES SEVERAL ENHANCEMENTS TO RAPID REWARDS PROGRAM FOR 2024

DALLAS , Oct. 14, 2023 /PRNewswire/ --  Southwest Airlines Co.  (NYSE: LUV) celebrates today's annular solar eclipse with a countdown to the next total solar eclipse on April 8, 2024, by announcing flights scheduled to operate in the direct and partial paths of the celestial event. The path of totality for the 2024 eclipse will pass across several U.S. states where Southwest® operates, including Arkansas, Indiana, Illinois, Kentucky, Missouri, New York, Ohio, and Texas, among others.

SOUTHWEST AIRLINES ANNOUNCES FLIGHT PATH PLANS FOR 2024 TOTAL ECLIPSE

DALLAS, Oct. 10, 2023 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) and the Hispanic Association of Colleges and Universities (HACU) celebrate 19 years of the ¡Lánzate!/Take Off! Higher Education Travel Award Program and the 2023 recipients of airline tickets while in school. Southwest Airlines® and HACU awarded 185 students four round trip tickets to stay connected with their loved ones and community while pursuing higher education.

SOUTHWEST AIRLINES AND THE HISPANIC ASSOCIATION OF COLLEGES AND UNIVERSITIES AWARDS ROUND TRIP FLIGHTS TO COLLEGE STUDENTS

Hawaiian Hlds

Ryanair Hlds

SkyWest

Airline stocks are always exciting for investors to consider. On one hand, airliners are highly cyclical businesses, creating risk for investors to monitor.

7 Airline Stocks Ready to Fly High

The deal covers more than 480 Southwest Airlines (LUV) employees and becomes amendable in April 2026.

Southwest Airlines (LUV) & IBT Approve New Collective Deal

JetBlue Airways

Major airlines have canceled flights to and from Tel Aviv.  Palestinian militant group Hamas launched an unprecedented attack on Israel on Saturday.

Major airlines suspend flights to Tel Aviv after Hamas attack

Shares of airline companies took a hit Monday, particularly those of the legacy international carriers, in the wake of Hamas' attack on Israel. The U.S. Global Jets ETF JETS, +0.48% shed 1.4% in premarket trading, while futures ES00, -0.55% for the S&P 500 SPX, +1.18% declined 0.5%.

Airline stocks fall as the attack of Israel by Hamas ‘may impact travel'

The latest trading day saw Southwest Airlines (LUV) settling at $27.08, representing a -0.88% change from its previous close.

Southwest Airlines (LUV) Stock Dips While Market Gains: Key Facts

DALLAS , Oct. 6, 2023 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) announced today that its Material Specialists, represented by the International Brotherhood of Teamsters, ratified a new collective bargaining agreement.   "Our Material Specialists support the Safety and integrity of our fleet and ground equipment by providing the tools and parts needed for maintenance," said Adam Carlisle , Vice President Labor Relations at Southwest Airlines®.

SOUTHWEST AIRLINES MATERIAL SPECIALISTS APPROVE NEW CONTRACT

Airline to launch Customer sweepstakes, custom inflight entertainment content, and surprise and delight moments DALLAS , Oct. 6, 2023 /PRNewswire/ -- Southwest Airlines Co.  (NYSE: LUV) announces a partnership with DreamWorks Animation's "Trolls Band Together," a new film that embarks on a heartfelt journey to reunite characters Poppy and Branch with long-lost family members as they travel to new lands and create lasting friendships along the way. To celebrate the partnership Southwest today unveiled a Boeing 737-700 aircraft emblazoned with some of the film's beloved Trolls characters on the outside of the aircraft.

SOUTHWEST AIRLINES UNVEILS SPECIAL TROLLS-THEMED AIRCRAFT TO CELEBRATE DREAMWORKS ANIMATION'S NEW MOVIE "TROLLS BAND TOGETHER"

Southwest Airlines (LUV) reachead $27.32 at the closing of the latest trading day, reflecting a +0.44% change compared to its last close.

(LUV) Advances While Market Declines: Some Information for Investors

Southwest Airlines' (NYSE: LUV) pilots' union claims the company's scheduling failures have brought it to a breaking point.

Southwest Airlines' Pilots Have Had Enough. Should Shareholders Take Another Look?

Southwest lowered revenue guidance in September and said fuel prices would be higher than expected. The airline industry is currently flying into challenging conditions.

Why Southwest Airlines Stock Flew South in September

With a federal government shutdown looming, airline stocks could be negatively affected by the closure. That's because, although air travel wouldn't be canceled during a shutdown, air traffic controllers and other government employees who facilitate air travel will not be paid during the shutdown.

Airline Stocks Alert: What a Government Shutdown Means for Air Travel

If we look at stock returns, United Airlines, with 13% returns this year, has fared better than American Airlines, up 0%, and the broader S&P 500 index, up 11%.

News for Southwest Airlines Stock (LUV)