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.

American Airlines

Two top airline stocks look more attractive with American Airlines (AAL), and Southwest Airlines (LUV) blowing past their Q3 earnings expectations on Thursday and were able to fly by sales estimates as well.

Top Airline Stocks to Buy After Q3 Earnings: AAL & LUV

Southwest Airlines Co. (NYSE:LUV ) Q3 2024 Results Conference Call October 24, 2024 12:30 PM ET Company Participants Julia Landrum - VP, IR Bob Jordan - President & CEO Andrew Watterson - COO Tammy Romo - EVP & CFO Ryan Green - EVP, Commercial Transformation Whitney Eichinger - Chief Communications Officer Conference Call Participants Stephen Trent - Citi Savi Syth - Raymond James Duane Pfennigwerth - Evercore ISI Tom Fitzgerald - TD Cowen Scott Group - Wolfe Research Jamie Baker - JPMorgan Dan McKenzie - Seaport Global Securities Conor Cunningham - Melius Research Chris Stathoulopoulos - SIG Robert Silk - Travel Weekly Rajesh Singh - Reuters Leslie Joseph - CNBC Operator Hello, everyone, and welcome to the Southwest Airlines Third Quarter 2024 Conference Call. I am Gary, and I'll be moderating today's call, which is being recorded.

Southwest Airlines Co. (LUV) Q3 2024 Earnings Call Transcript

LUV's third-quarter 2024 earnings decline year over year while revenues improve.

Southwest Airlines Q3 Earnings & Revenues Top Estimates

Southwest Airlines Co. LUV is soaring to new heights following an impressive earnings beat and a fresh alliance with activist investor Elliott Investment Management.

Golden Cross Takes Flight: Southwest Airlines Soars After Earnings Beat

Southwest Airlines reported a non-GAAP EPS of $0.15, beating expectations, but shares fell due to cost pressures and board changes. Elliott Management's board shakeup adds uncertainty. The company aims to improve profitability, but it raises concerns regarding Southwest's faltering market niche. Southwest's middle-market position faces challenges, including rising costs, competition from new discount entrants like Breeze, and a potential Spirit-Frontier merger.

Southwest Q3 Earnings: Forward Guidance Disappoints On Cost Concerns

Southwest Airlines (NYSE: LUV) surprised investors today by reporting third-quarter results that surpassed Wall Street's expectations. The company delivered a profit of $0.15 per share, significantly higher than the anticipated $0.04 per share, and achieved record operating revenues of $6.9 billion, a 5.3% increase compared to the same period last year.

Strong Q3 results and Elliott deal: is Southwest Airlines poised to soar?

The agreement came as the carrier reported a surprise third-quarter profit, benefiting from improved pricing and demand, as well as rebookings from passengers stranded due to the global cyber outage in July.

Southwest CEO to keep job after bitter boardroom battle with hedge fund Elliott

Although the revenue and EPS for Southwest (LUV) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Southwest (LUV) Reports Q3 Earnings: What Key Metrics Have to Say

Longer-term jobless claims are on the rise after a year-long plateau, while American, Southwest, UPS and Hasbro report Q3 earnings.

Jobless Claims, Q3 Earnings Mixed: AAL, LUV, UPS and More

Southwest Airlines (LUV) announced a settlement with Elliott Investment Management Thursday morning, ending a months-long battle with the activist investor that has been calling for significant leadership and business strategy changes at the carrier.

Southwest Reaches Deal With Activist Elliott, Adding 6 New Directors to Board

Southwest reported a relatively big revenue beat and reached an agreement with activist investor Elliott to add new board members.

Southwest Airlines beats revenue by wide margin, names new board members

Southwest Airlines (LUV) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.38 per share a year ago.

Southwest Airlines (LUV) Q3 Earnings and Revenues Beat Estimates

Southwest, American Airlines, UPS, and Honeywell post mixed Q3 results, with Southwest and UPS beating earnings, while Honeywell misses revenue targets.

Southwest Air Tops Q3 Estimates, American Airlines Upgrades 2024 Outlook

Reconstituted Board to Select a New Independent Chair Gregg Saretsky to Chair Refreshed Finance Committee Company Enters Into Cooperation and Information Sharing Agreements with Elliott DALLAS , Oct. 24, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) ("Southwest" or the "Company") today announced the appointments of David Cush, Sarah Feinberg, Dave Grissen, Gregg Saretsky and Patricia Watson as independent directors of the Board in connection with Cooperation and Information Sharing Agreements (the "Agreements") reached with Elliott Investment Management L.P. (together with its affiliates, "Elliott").

SOUTHWEST AIRLINES ANNOUNCES APPOINTMENT OF SIX NEW INDEPENDENT DIRECTORS

Southwest's sales and profits topped analysts' estimates and the airline forecast higher revenue to end the year. The carrier's leaders have been trying to fend off activist investor Elliott, which has called for leadership changes at the airline.

Southwest Airlines profit tops estimates, expects higher revenue in fourth quarter

DALLAS , Oct. 24, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) (the "Company") today reported its third quarter 2024 financial results: Net income of $67 million, or $0.11 per diluted share Net income, excluding special items1, of $89 million, or $0.15 per diluted share Record third quarter operating revenues of $6.9 billion Liquidity2 of $10.4 billion, well in excess of debt outstanding of $8.0 billion Announced a $250 million accelerated share repurchase program under the Company's $2.5 billion share repurchase authorization Bob Jordan, President, Chief Executive Officer, & Vice Chairman of the Board of Directors, stated, "It's an exciting time for us as we execute on our 'Southwest. Even Better.

SOUTHWEST AIRLINES REPORTS THIRD QUARTER 2024 RESULTS

Southwest Airlines and its activist investor Elliott Investment Management ended a bitter months-long boardroom battle on Thursday in a deal that allows CEO Bob Jordan to retain his job by making bigger board-level concessions.

Southwest Airlines settles boardroom feud with activist investor Elliott

Elliott Investment Management and Southwest Airlines are close to reaching a settlement agreement that would avert a proxy battle over control of the airline's board, Bloomberg News reported on Wednesday, citing people familiar with the matter.

Elliott, Southwest Airlines near deal to avert board battle, Bloomberg News reports

Southwest and Elliott near settlement which would end proxy fight, source says

The battle between the Dallas-based carrier and Elliott Investment Management is heating up.

Southwest Earnings Are Next Up. Watch Out for Updates on Its Activist Investor.

DALLAS , Oct. 23, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) invites you to listen to a live webcast of its second quarter 2024 financial results. Details are as follows: When: Thursday, October 24, 2024 at 12:30 PM Eastern Time Who: Bob Jordan, President and Chief Executive Officer Andrew Watterson, Chief Operating 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 Third Quarter 2024 Financial Results on October 24, 2024

Shares of Southwest Airlines Co (NYSE:LUV) are 0.4% lower at $30.31, as the airline giant prepares to report third-quarter results before the open on Thursday, Oct. 24.

What to Expect from Southwest Airlines' Earnings

Norfolk Southern

Union Pacific

Investors interested in Transportation stocks can watch out for third-quarter 2024 earnings reports of LUV, AAL, UNP and NSC.

Can These 4 Transportation Stocks Hit Q3 Earnings Targets?

Southwest Airlines Co. (LUV) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, LUV's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross.

Southwest Airlines (LUV) Now Trades Above Golden Cross: Time to Buy?

Beyond analysts' top -and-bottom-line estimates for Southwest (LUV), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.

News for Southwest Airlines Stock (LUV)