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.

Southwest Airlines Co.'s LUV, +0.78% move to change its flight schedule to reflect post-pandemic changes in air travel is “right,” but the benefits won't be felt for another six months or so, Raymond James analyst Savathi Syth said in a note Friday. Syth downgraded her rating on Southwest's stock to “outperform,” from “strong buy.

Southwest's schedule changes will take a while to benefit airline, Raymond James analyst says in stock rating downgrade

Shares of Southwest Airlines NYSE: LUV are traded lower by as much as 9.0% during Thursday's trading session, a reaction that seems an exaggeration following the company's second quarter 2023 earnings results. Southwest stock has been enjoying some newfound momentum and sentiment, especially after making it to the 'popular' list.

Is It Time To Start Buying Southwest Airlines' Post-Earnings Dip?

DALLAS, July 27, 2023 /PRNewswire/ -- Southwest Airlines Co.  (NYSE: LUV) announced today that its Mechanics and Related Employees, represented by the Aircraft Mechanics Fraternal Association (AMFA), voted in favor of a new collective bargaining agreement. It is the seventh contract ratified by Southwest Airlines® and its union partners since October 2022.

SOUTHWEST AIRLINES MECHANICS & RELATED EMPLOYEES APPROVE NEW COLLECTIVE BARGAINING AGREEMENT

Southwest Airlines Co. (NYSE:LUV ) Q2 2023 Results Conference Call July 27, 2023 12:30 PM ET Company Participants Julia Landrum - VP, IR Bob Jordan - President and CEO Tammy Romo - EVP and CFO Ryan Green - EVP and Chief Commercial Officer Andrew Watterson - COO Linda Rutherford - Chief Administration and Communications Officer Conference Call Participants Scott Group - Wolfe Research Savi Syth - Raymond James Duane Pfennigwerth - Evercore ISI Jamie Baker - JP Morgan Conor Cunningham - Melius Research Sheila Kahyaoglu - Jefferies Alexandra Skores - Dallas Morning News Mary Schlangenstein - Bloomberg News Dawn Gilbertson - The Wall Street Journal Leslie Josephs - CNBC Alison Sider - The Wall Street Journal David Slotnick - TPG Operator Good morning, and welcome to the Southwest Airlines Second Quarter 2023 Conference Call. My name is Anthony, I will be moderating today's call.

Southwest Airlines Co. (LUV) Q2 2023 Earnings Call Transcript

American Airlines

Alaska Air Group

Southwest, Alaska and American have forecast weaker fare growth

Airlines say domestic fares are sliding and threatening to chill record revenue growth

Southwest's quarter was in line with estimates, but the company's demand and cost guidance fell short of expectations. Investors were already on edge, worried that inflation will eat into demand in the quarters to come.

Why Southwest Airlines Stock Is Losing Altitude Today

Southwest Airlines Stock Drops Despite Record Quarterly Revenue

Southwest Airlines Stock Plunges 10% Despite Record Quarterly Revenue

McDonald's

Royal Caribbean Cruises

United Continental Hlds

The Dow is looking to notch its 14th straight trading day higher -- something that hasn't happened since 1897.

Strong Data: Claims, Goods, GDP and Q2 Earnings

The airline says demand for vacation travel remains robust this summer, but business travel's recovery to prepandemic levels remains elusive.

Southwest Airlines to Revamp Flight Schedule as Consumer Travel Changes

Southwest Airlines stock tumbled ahead of the open Thursday as the low-cost carrier said it expected revenue per available seat mile to fall in the third quarter.

Southwest Airlines Earnings Weren't Terrible. Why the Stock Is Falling.

Southwest Airlines Co.'s stock LUV, +2.05% tumbled 6% premarket Thursday, after the airline said its revenue has not yet recovered to prepandemic levels and it's adjusting its 2024 flight schedule to reflect changes to customer patterns. The airline made the comments as it reported second-quarter earnings showing net income of $683 million, or $1.08 a share, for the quarter, down from $760 million, or $1.20 a share, in the year-earlier period.

Southwest Airlines' stock slides 6% premarket as airline says revenue has not recovered to prepandemic levels

DALLAS , July 27, 2023 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) (the "Company") today reported its second quarter 2023 financial results: Net income of $683 million, or $1.08 per diluted share Net income, excluding special items1, of $693 million, or $1.09 per diluted share Record quarterly operating revenues of $7.0 billion Liquidity2 of $13.2 billion, well in excess of debt outstanding of $8.0 billion Bob Jordan, President and Chief Executive Officer, stated, "We are pleased to report a solid quarter amid continued strong demand. We generated all-time record quarterly operating revenues, produced a very strong operational performance, and delivered healthy net income.

SOUTHWEST AIRLINES REPORTS SECOND QUARTER 2023 RESULTS

Southwest Airlines on Thursday warned of higher labor costs for the year and signaled softer pricing for the current quarter, stoking worries that rising operational expenses could add to a potential hit to travel demand from strained household budgets.

Southwest Airlines warns of higher full-year costs as quarterly profit falls

Delta Air Lines

We're in the thick of earnings season, with an extensive list of companies scheduled to unveil quarterly results in the coming weeks.

Should Investors Buy Southwest Airlines Shares Ahead of Earnings?

Copa Hlds

JetBlue Airways

Airline stocks such as Southwest Airlines (LUV), JetBlue Airways (JBLU) and Copa Holdings (CPA) are likely to have benefited from upbeat passenger volumes and low fuel cost in Q2.

3 Airline Stocks Likely to Deliver a Beat This Earnings Season

DALLAS , July 20, 2023 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) invites you to listen to a live webcast of its second quarter 2023 financial results. Details are as follows: When: Thursday, July 27, 2023 at 12:30 PM Eastern Time Who: Bob Jordan, President and Chief Executive Officer Andrew Watterson, Chief Operating Officer Ryan Green, Executive Vice President and Chief Commercial 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 2023 Financial Results on July 27, 2023

Southwest Airlines (LUV) second-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.

Is a Beat Ahead for Southwest Airlines (LUV) in Q2 Earnings?

Southwest (LUV) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Southwest Airlines (LUV) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release

Southwest Airlines said on Tuesday it will support legislation to add seven new round trip flights a day at Ronald Reagan Washington National Airport, an issue that has been fiercely contested by major U.S. airlines.

Southwest Airlines endorses plan to boost Washington Reagan flights

Airfare prices dropped significantly in June, with a decrease of 18.9% compared to June 2022 and 8.1% compared to May 2023, largely due to declining jet fuel costs. Despite lower ticket prices, airlines are not necessarily making less money, as there is no strong link between airfare and airline revenue per seat, according to Goldman Sachs.

Lower Airfares, Higher Profits? The Hidden Connections In The Airline Industry

DALLAS , July 17, 2023 /PRNewswire/ -- The Board of Directors of Southwest Airlines Co.  (NYSE: LUV) has appointed Roy Blunt as a member of the Board, effective July 16. Blunt has been the Chairman of the Leadership Strategies Advisory Services Group in the Washington, D.C.

SOUTHWEST AIRLINES ANNOUNCES APPOINTMENT OF ROY BLUNT TO ITS BOARD OF DIRECTORS

NEW YORK--(BUSINESS WIRE)--EDO, the TV outcomes company, has released the inaugural Travel TV Performance Report revealing consumer engagement and ad effectiveness trends from July 2022 to June 2023. The report underscores the resurgence of the travel industry, with total incremental online engagement for travel TV ads up 47% year-over-year (YoY) – mainly driven by increased investment from the Hotels & Resorts and Car Rental & Sharing categories. EDO's report highlights TV advertising.

EDO Ad Performance Report Reveals Most Effective Travel TV Advertisers, Including Southwest Airlines, Great Wolf Resorts and Turo

DALLAS , July 12, 2023 /PRNewswire/ -- Southwest Airlines Co.  (NYSE: LUV) today announced the promotion of Dean Jenkins  from Assistant Treasurer to Vice President Treasurer, effective immediately. Jenkins's promotion follows Chris Monroe's recent departure from the Company, and he will report to Executive Vice President and Chief Financial Officer Tammy Romo.

SOUTHWEST AIRLINES ANNOUNCES LEADERSHIP PROMOTION

Relentless travel demand has sent bookings at U.S. carriers soaring, translating into bumper earnings. However, their shares have not shown the same trajectory as questions linger about the sustainability of consumer spending.

US airline stock valuations stuck on runway despite travel boom

Spirit Airlines

The airline industry expects demand to soar coming out of the pandemic. What does that mean for airline stocks?

News for Southwest Airlines Stock (LUV)