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.

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Cost of revenue

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Operating expenses

SG&A

Operating income

EBITDA

Net income

Earnings per share

Total assets

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Cash & equivalents

Receivables

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Non-current assets

Net PPE

Intangibles

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Minority interest

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Book value per share

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Purchase/sale of investments

Purchase/sale of business

Other sources

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Change in stock

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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 , Oct. 20, 2022 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) invites you to listen to a live webcast of its third quarter 2022 financial results. Details are as follows: When:        Thursday, October 27, 2022 at 12:30 PM Eastern Time Who:            Bob Jordan, Chief Executive Officer Michael Van de Ven, President 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 2022 Financial Results on October 27, 2022

Carrier offers 20% off base fares for all bookings using Rapid Rewards points for fall and winter travel, including Thanksgiving Day and Black Friday travel dates DALLAS , Oct. 18, 2022 /PRNewswire/ -- Southwest Airlines Co.  (NYSE: LUV) today announces that its award-winning Rapid Rewards® frequent flyer program has launched a promotional offer giving Members more ways to save on their next flight. Rapid Rewards Members who book a flight with Rapid Rewards points today through Oct. 20, 2022, can save 20% off base fares for all bookings with points (domestic and international) for travel Oct. 18 through Dec. 15, 2022 (blackout dates apply).

SOUTHWEST AIRLINES ANNOUNCES LIMITED-TIME RAPID REWARDS POINTS BOOKING OFFER, SAVE 20% OFF BASE FARES FOR FALL AND WINTER TRAVEL

American Airlines

Delta Air Lines

JetBlue Airways

United Continental Hlds

Share of airline companies enjoyed a broad rally Monday, boosted by data showing the most people flew on Sunday since before the pandemic, and by the rally in the broader stock market.

Airline stocks rise as daily travelers reach highest level since before the pandemic

BOSTON--(BUSINESS WIRE)--4AIR, the first and only rating system focused on comprehensive sustainability in aviation, today announced that it will provide Sustainable Aviation Fuel (SAF) inventory accounting and documentation services for Southwest Airlines® (NYSE: LUV).

4AIR to Partner with Southwest Airlines to Document Sustainable Aviation Fuel Use

Apple

Chevron

Coca-Cola

Microsoft

UnitedHealth Group

Visa

Third quarter earnings season is approaching fast. So I wanted to take a look at stocks to buy.

7 Stocks to Buy Regardless of Q3 Earnings

Airline stocks are outperforming amid today's equities selloff after Delta's (NYSE: DAL ) preliminary third-quarter results appear to have pleased the Street and increased confidence in the airline sector. DAL stock, along with JetBlue (NASDAQ: JBLU ) stock, are both climbing over 2% in early trading, while American Airlines (NASDAQ: AAL ), Southwest Airlines (NYSE: LUV ), and United Airlines (NASDAQ: UAL ) are all rising by less than 2%.

Why Are Airline Stocks Outperforming Today

Airline stocks rose in premarket trading on Thursday after Delta Air Lines reported third-quarter revenue significantly above the same period in 2019, before the pandemic hit.

Airline stocks rise on Delta's strong 3Q revenue as carrier touts continuing travel recovery

DALLAS , Oct. 12, 2022 /PRNewswire/ -- Southwest Airlines Co.  (NYSE: LUV) (the "Company") today announced the Company's Aircraft Appearance Technicians, represented by the Aircraft Mechanics Fraternal Association (AMFA), have voted in favor of a new five-year agreement. "This contract rewards our Appearance Technicians with immediate and future compensation increases while continuing to support Southwest's competitive cost position in the U.S. airline industry," said Adam Carlisle , Vice President Labor Relations at Southwest Airlines®.

SOUTHWEST AIRLINES' AIRCRAFT APPEARANCE TECHNICIANS APPROVE NEW AGREEMENT

DALLAS , Oct. 12, 2022 /PRNewswire/ -- Southwest Airlines Co.  (NYSE: LUV) in partnership with the Hispanic Association of Colleges and Universities (HACU), announced its 2022 recipients for the ¡Lánzate!/Take Off! Higher Education Travel Award Program.

SOUTHWEST AIRLINES AND HISPANIC ASSOCIATION OF COLLEGES AND UNIVERSITIES ANNOUNCE RECIPIENTS FOR 18TH YEAR OF STUDENT TRAVEL AWARD PROGRAM

U.S. carriers including American Airlines Group Inc and United Airlines Holdings Inc are enjoying the strongest consumer demand in three years, but analysts and investors question how soon the good times might end as the growing risk of economic recession sparks worries about travel spending.

Economic worries loom over U.S. airline earnings

Carrier highlights points of difference, flexible policies, and ongoing efforts toward Customer Modernization for an enhanced onboard experience DALLAS , Oct. 10, 2022 /PRNewswire/ -- Southwest Airlines Co . (NYSE: LUV) today launched a new brand campaign, "Go with Heart," showcasing the carrier's points of difference, including bags fly free®, 1 no change or cancellation fees, 1 points don't expire, 2 and flight credits don't expire.

SOUTHWEST AIRLINES LAUNCHES 'GO WITH HEART' BRAND CAMPAIGN

Atlas Air Worldwide

The earnings season for the U.S. airline industry is about to start. So what can we expect?

Airlines enter earnings season wrestling with fuel prices, hiring challenges

JPMorgan Chase & Co

WILMINGTON, Del.--(BUSINESS WIRE)--Today, Southwest® Rapid Rewards® Credit Cards from Chase announces the launch of the Teach the Love Contest, a platform to nominate deserving educators for the chance to embark on a learning-fueled “Edu-Vacation” trip celebrating their teaching specialties or personal interests. Winners will pick from one of five U.S. destinations known for educational experiences, from the coral reefs of Kahului (Maui) to the museums of Washington D.C.* Nominate a Teacher Cur

Southwest® Rapid Rewards® Credit Cards from Chase Launch the Teach the Love Contest to Celebrate and Give Back to U.S. Teachers

Carrier offers fares starting as low as $29 one-way for travel through Feb. 15, 2023 DALLAS , Oct. 4, 2022 /PRNewswire/ -- Southwest Airlines Co.  (NYSE: LUV) today launched one of its largest and most iconic sales of the year with fares as low as $29 one-way. Starting today through Oct. 6, Customers can book their winter getaway for travel valid from Nov. 29, 2022, through Feb. 15, 2023 (travel blacked out Dec. 16, 2022, through Jan. 9, 2023).

WANNA GETAWAY FOR AS LOW AS $29 ONE-WAY? SOUTHWEST AIRLINES ANNOUNCES LARGEST WINTER SALE OF THE YEAR

Mike Van de Ven is stepping down as chief operating officer and president of Southwest Airlines (LUV) at year-end. He is taking up the role of executive advisor at the beginning of 2023.

Southwest (LUV) COO & President Plans to Retire by Year End

Southwest Airlines Co (NYSE: LUV) stock price lost more than 50% from $65 in 2017 end to around $31 currently, primarily due to unfavorable changes in its P/S multiple.

Southwest Airlines Stock Has Lost More Than 50% Since 2017- Here's Why

Labor unions and some U.S. lawmakers are pressing airlines not to resume stock buybacks after a COVID assistance prohibition expires this week.

Lawmakers, unions press U.S. airlines to hold off on stock buybacks

Allstate

Chubb

Disney

Duke Energy

NextEra Energy

Spirit Airlines

Travelers

Frontier Group Holdings

Airlines have canceled flights, Disney has closed theme parks and utilities are readying repair crews as the Category 4 storm approaches Florida.

Hurricane Ian Heads to Florida. Watch These Stocks.

Dallas-based Southwest Airlines announced on Monday that Chief Operating Officer Mike Van de Ven will be stepping down from the role at the end of the month.

Southwest Airlines COO stepping down amid leadership changes

Southwest Airlines (LUV) expects economic fuel costs per gallon for the September quarter in the $3.25-$3.35 range.

Upbeat Air-Travel Demand Aids Southwest (LUV), Cost Woes Ail

DALLAS , Sept. 26, 2022 /PRNewswire/ --  Southwest Airlines Co. (NYSE: LUV) today is celebrating the contributions of President & Chief Operating Officer Mike Van de Ven , an industry veteran and proven Leader, who announced plans to step down from his role as Chief Operating Officer (COO) at the end of September and from his role as President at the end of December.

SOUTHWEST AIRLINES ANNOUNCES LEADERSHIP CHANGES

Southwest Airlines told staff it's hired and trained 3,000 flight attendants this year.

Southwest Airlines hired a record 3,000 flight attendants so far this year

The U.S. Transportation Department (USDOT) on Monday proposed requiring airlines disclose fees for baggage, ticket changes and family seating the first time an airfare is displayed.

U.S. proposes requiring new airline fee disclosure rules

Alaska Air Group

The industry could struggle to power through the latest headwinds.

Why Airline Stocks Are Falling Again Today

The airline industry is massively undervalued and many investors start to take a look at which company could be the best choice for the upcoming years. Both American Airlines and Southwest Airlines reported record second quarterly earnings.

News for Southwest Airlines Stock (LUV)