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 Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

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Earnings data Q1 2024

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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.

Canadian National Railway Company

Canadian Pacific Kansas City Limited

While up on the year, transportation stocks continue to trail the market. The S&P Transportation Index is up 10% in 2023, but over five years, the index is up only 12%.

Ticking Time Bombs: 3 Transportation Stocks to Dump Before the Damage Is Done

Allegiant Travel Company

JetBlue Airways

The skies haven't exactly been clear for the aviation world. Casting our gaze back, we recall the catastrophic impact of the pandemic, a time when the sector came to an abrupt halt, and carriers had to grapple with long spells of contracted operations.

Ticking Time Bombs: 3 Airline Stocks to Dump Before the Damage Is Done

Southwest Airlines Co. has faced numerous challenges, including an operational meltdown and self-inflicted internal issues. The airline has made efforts to fix its operational problems and improve its performance, but its complaint ratio remains elevated. Southwest is also dealing with higher fuel costs and labor cost challenges.

Southwest Airlines Suffers Through Its Annus Horribilis (Rating Upgrade)

American Airlines

Alaska Air Group

Delta Air Lines

Hawaiian Hlds

US Global Jets ETF

United Continental Hlds

The airline sector was suffering another broad selloff Tuesday, amid worries over how a government shutdown will hurt the industry and as falling ticket prices raise concerns over profitability.

Airline stocks fall again, with Southwest and JetBlue shares at multiyear lows

Three lawyers at Southwest Airlines have received a last-minute reprieve from a judge's order requiring them to attend a "religious-liberty training" set to be conducted on Tuesday by the conservative Christian legal group Alliance Defending Freedom.

Southwest Airlines lawyers win reprieve from religious liberty training order

DALLAS , Sept. 26, 2023 /PRNewswire/ -- Southwest Airlines Co.  (NYSE: LUV) today launched one of its largest sales of the year as part of its Week of WOW.

SOUTHWEST AIRLINES CELEBRATES WEEK OF WOW WITH 50% OFF LIMITED BASE FARES AND DAILY DEALS FOR FALL AND WINTER TRAVEL

Carrier recognized for continued innovation efforts that enhance the Customer Experience  DALLAS , Sept. 22, 2023 /PRNewswire/ --  Southwest Airlines Co. (NYSE: LUV) celebrates earning 2023 recognition by Fortune as one of America's Most Innovative Companies.

SOUTHWEST AIRLINES RANKED BY FORTUNE AS ONE OF AMERICA'S MOST INNOVATIVE COMPANIES

The sector's shares are on an awful run and turbulence in Congress is the last thing the industry needs right now.

Airline Stocks Soared in the Last Government Shutdown. Why This Time Is Different.

Southwest Airlines Co. faces challenges due to rising oil prices, labor costs, and uncertain travel demand. Despite setbacks, Southwest has shown resilience with strong Q2 results and a focus on strategic growth initiatives. The recovery in business travel remains slow, and caution is warranted in the current economic landscape.

Southwest Airlines: Up To 80% Undervalued If It Weren't For Macro Challenges

Mesa Air Group Inc.

The airline industry has been flying high since 2022, thanks to the post-pandemic “revenge travel” trend, but after a rare period of strong operating and stock price performance, now may be the right time to consider what are the airline stocks to sell. Since July, shares in legacy and budget carrier alike have plunged, as soaring labor and fuel costs point to greater uncertainty over future results.

Beware! 7 Airline Stocks Waving Massive Red Flags Right Now

Investors are worried that the postpandemic travel surge will fade.

Cheaper Airfares Squeeze Airline Stocks

Disney

TripAdvisor

Travel stocks have embarked on a remarkable journey in recent times, one that investors are keenly following. With the travel industry slowly regaining its footing after the turbulence of the past couple of years, discerning investors are eyeing opportunities in the market.

The 3 Most Undervalued Travel Stocks to Buy in September 2023

DALLAS , Sept. 15, 2023 /PRNewswire/ -- Southwest Airlines Co.  (NYSE: LUV) was named Best Airline for Families on MONEY's 2023 Travel Awards list.

SOUTHWEST AIRLINES NAMED "BEST AIRLINE FOR FAMILIES" IN MONEY'S LIST OF 2023 TRAVEL AWARDS

Southwest Airlines Co. (NYSE:LUV ) Morgan Stanley 11th Annual Laguna Conference September 14, 2023 11:45 AM ET Company Participants Bob Jordan - President & CEO Unidentified Analyst Great. Let's keep the airlines content going and next up we have Southwest Airlines CEO, Bob Jordan.

Southwest Airlines Co. (LUV) CEO Bob Jordan presents at Morgan Stanley 11th Annual Laguna Conference (Transcript)

Southwest Airlines said on Thursday it was better-prepared to handle upcoming winter weather thanks to the low-cost carrier's "big investments" in improving de-icing capacity and staffing.

Southwest Airlines 'very prepared' for winter, CEO says

Flight schedule now available for booking through June 3, 2024 The carrier adds new nonstop service between Washington (Dulles) and Phoenix DALLAS , Sept. 14, 2023 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) today published its flight schedule beyond Memorial Day 2024 weekend, allowing Customers to begin booking late spring and early summer travel at Southwest.com.

SOUTHWEST AIRLINES EXTENDS FLIGHT SCHEDULE THROUGH MAY 2024

Undervalued airline stocks are worth examining as airlines remain a vital part of the global economy despite often being seen as poor investments. Historically, airline stock prices have fluctuated with economic cycles, leading to bankruptcies and failures during downturns.

Analyzing Undervalued Airline Stocks Amid Global Turbulence

Frontier Group Holdings

Three U.S. carriers on Wednesday cut their third-quarter margin forecasts on higher fuel costs, sending shares of other airlines in the country lower over concerns related to rising expenses.

US carriers cut margin outlook on fuel costs, Frontier flags lower bookings

Copa Hlds

Leisure travel is replacing still-sluggish business travel, and big investors like Warren Buffett's Berkshire Hathaway Inc. NYSE: BRK.B are jumping on board, but airline industry stocks, as a group, have traded lower since July.

Southwest, American Descend as Delta, United in Holding Pattern

DALLAS , Sept. 7, 2023 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) has been invited to speak at the Morgan Stanley 11th Annual Laguna Conference.

Southwest Airlines to Present at the Morgan Stanley 11th Annual Laguna Conference

AMC Entertainment

Target

As companies boast robust earnings, pioneer breakthrough technologies and cement a loyal customer base, excitement over their future potential skyrockets. However, as they evolve — sometimes for the worse — businesses become obvious stocks to sell.

3 Stocks to Sell in September Before They Crash & Burn

DALLAS , Sept. 7, 2023 /PRNewswire/ -- Southwest Airlines Co.  (NYSE: LUV) is rewarding its Rapid Rewards® Members for their loyalty by making it easier to earn Companion Pass®.

SOUTHWEST AIRLINES OFFERS RAPID REWARDS CUSTOMERS QUICKER WAY TO EARN COVETED COMPANION PASS

The increase in the oil price does not bode well for the likes of United Airlines (UAL), Southwest Airlines (LUV) and Alaska Air (ALK).

Most Airline Stocks Hurt During Wednesday's Trading: Here's Why

Southwest Airlines (LUV) and IBT ink a tentative deal for the airline's more than 480 material specialists.

Southwest Airlines (LUV) & IBT Sign Tentative Agreement

Southwest, the largest US domestic carrier, said August bookings were at the lower end of its expectations, in part due to seasonal trends, but maintained that overall leisure demand and yields remain healthy.

News for Southwest Airlines Stock (LUV)