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.

DALLAS, April 6, 2023 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) announced today that its Board of Directors has named Eduardo Conrado and Elaine Mendoza as candidates to join the Board. Both Conrado and Mendoza, along with the other Board nominees, will be on the ballot at the 2023 Annual Shareholders Meeting. Conrado and Mendoza are being considered to succeed current Board members John Denison and Nancy Loeffler who have announced they will not stand for re-election to the Board.

EDUARDO CONRADO AND ELAINE MENDOZA NOMINATED TO JOIN SOUTHWEST AIRLINES' BOARD OF DIRECTORS

Bob Jordan, who took over as CEO of Southwest Airlines in February 2022, just 10 months before the airline's epic holiday travel service meltdown, got a 75% pay hike last year.

Southwest Airlines' CEO got 75% pay hike ahead of service meltdown

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Subscribers to  Chart of the Week  received this commentary on Sunday, April 2.

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Airlines are turning to bigger planes that fit more travelers to handle strong demand.

Airlines' answer for congested airports and rising costs: Bigger planes

Southwest Airlines has released an action plan to prevent a new operational meltdown. Southwest Airlines stock has underperformed, but Wall Street sees significant upside.

Southwest Airlines: No LUV For The CEO, Why He Needs To Go

U.S. airlines relied on loyalty programs for revenue during the pandemic, and industry executives and experts said income from them should hold up if the economy slips into a recession.

U.S. airline loyalty programs can provide buffer from possible recession

Rapid Rewards Members who register, book, and fly can earn a promotional Companion Pass for travel between August and September 2023 DALLAS , April 3, 2023 /PRNewswire/ -- Southwest Airlines Co.  (NYSE: LUV) today announced the return of its coveted promotional Companion Pass® offer. Rapid Rewards® Members who qualify can designate their Companion and travel with their Companion Pass, valid for unlimited usage from Aug. 15 through Sept.

THREE DAYS ONLY: SOUTHWEST AIRLINES LAUNCHES LIMITED-TIME PROMOTIONAL COMPANION PASS OFFER

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Fortune Magazine February/March 2023 Issue listed 50 World's Most Admired (WMA) companies based on a poll of "some 3,760 corporate executives, directors, and securities analysts." Acclaim from the wider business community, plus standing among rivals, both factored into the ranks. For the sixteenth year in a row, Apple topped all.

5 Ideal Dividend Dogs From 45 Fortune 2023 World's Most Admired Companies + 5 To Watch

Southwest Airlines has unveiled an "action plan" to prevent another operational meltdown like the one from last December that left 16,700 flights canceled and 2 million passengers stranded over the busy holiday travel season.

Southwest releases an 'action plan' to prevent another operational nightmare

Carrier recognized for Companywide efforts to support women in the workplace DALLAS , March 31, 2023 /PRNewswire/ -- Southwest Airlines Co.  (NYSE: LUV) celebrates earning a spot on Newsweek America's Greatest Workplaces for Women 2023. The Dallas-based carrier received recognition for providing a strong and inspiring workplace for women.

Southwest Airlines named one of America's Greatest Workplaces for Women 2023 by Newsweek

Investors have assigned a higher multiple to LUV stock due to its superior profitability and better financial position, as discussed below If we look at stock returns, United Airlines, with -7% returns in the last twelve months, has fared better than Southwest Airlines, down 32%, and the broader

Here's A Better Pick Over Southwest Airlines Stock

Fuel prices continue to fall, which should help Southwest improve margins. Domestic travel continues to grow at a rapid pace.

Expect Southwest's Q1 Results To Be Better Than Expected

Southwest Airlines (LUV) expects economic fuel costs per gallon between $3.25 and $3.35 for first-quarter 2023.

Southwest Airlines (LUV) Faces Expense, Cancelation Woes

The entire airline industry is forecasting a strong demand environment for 2023. Southwest Airlines has a stronger balance sheet than legacy carriers allowing more flexibility to improve operations.

Southwest Airlines: Buy On Strong Demand And Unlikely Chance Of Another Meltdown

Carrier continues streamlining business travel program contracts  with industry-standard data solution DALLAS , March 21, 2023 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) today announced an expanded partnership with Sabre Corporation to begin utilizing PRISM, an industry-standard data solution designed to streamline the sales process with corporate travel managers and travel management companies. Sabre's PRISM brings decision science to the Southwest® Business Sales Team, allowing the ability to develop a more customized travel solution for business Customers through automated, real-time data insights and trends.

SOUTHWEST AIRLINES BRINGS PRISM TO CORPORATE TRAVEL MANAGERS AND TRAVEL MANAGEMENT COMPANIES

Dallas-based carrier named one of the top 100 companies in the nation DALLAS , March 16, 2023 /PRNewswire/ -- Southwest Airlines Co.  (NYSE: LUV) today celebrates earning a spot on Forbes' 2023 America's Best Employers list. This year marks the eighth time that Southwest® received this recognition.

SOUTHWEST AIRLINES RANKED AMONG FORBES' BEST EMPLOYERS IN AMERICA

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Several airlines, from United Airlines UAL to Spirit Airlines SAVE , have come out with updated guidance that points to headwinds in Q1. The news has the stock prices moving in different directions today, but the takeaway is clear.

Airlines Update Guidance, Shares Head For Different Destinations

The airline is working hard to shake off the impact of its winter holiday meltdown but it's still weighing on the stock.

Southwest Has a Plan to Avoid Holiday Chaos Repeat. Investors Need Convincing.

Southwest Airlines Co. (NYSE:LUV ) J.P. Morgan 2023 Industrials Conference Call March 14, 2023 9:40 AM ET Company Participants Robert Jordan - Chief Executive Officer Tammy Romo - Executive Vice President & Chief Financial Officer Conference Call Participants Jamie Baker - J.P.

Southwest Airlines Co. (LUV) J.P. Morgan 2023 Industrials Conference (Transcript)

DALLAS , March 14, 2023 /PRNewswire/ -- Southwest Airlines Co.  (NYSE: LUV) award-winning Rapid Rewards® program launched a promotional offer giving its Members more ways to save on their next flight. Rapid Rewards Members who book a flight using Rapid Rewards points today through March 16, 2023, can save 20% off base fares for all bookings with points (domestic and international) for travel now through May 24, 2023.

LIMITED TIME OFFER: SOUTHWEST AIRLINES ANNOUNCES RAPID REWARDS BOOKING OFFER, SAVING 20% OFF BASE FARES FOR SPRING TRAVEL

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

Are Any Airline Stocks A Buy Right Now, Or Are They All Still Grounded?

According to the average brokerage recommendation (ABR), one should invest in Southwest (LUV). It is debatable whether this highly sought-after metric is effective because Wall Street analysts' recommendations tend to be overly optimistic.

Is Southwest (LUV) a Buy as Wall Street Analysts Look Optimistic?

The airline says it has identified several solutions to manage the kind of severe winter-weather disruptions that caught it off guard late last year.

Southwest Outlines Plan to Handle Severe Weather Problems

The carrier continues to expect a first-quarter loss because of the meltdown and now expects higher unit costs than previously forecast.

News for Southwest Airlines Stock (LUV)