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.

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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.

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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

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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

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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 on Thursday unveiled a slew of measures including partnerships with international carriers, vacation packages, and sale-and-leaseback transactions of aircraft to turn around its business and boost profit margins.

Southwest Airlines outlines strategy to fix its profitability problem

Southwest Airlines raised its third-quarter revenue forecast on Thursday and detailed a host of changes to its business model. The carrier also said it would add Robert Fornaro, who previously led Spirit Airlines, to its board of directors.

Southwest raises summer revenue forecast

DALLAS , Sept. 26, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) (the "Company") has appointed Robert "Bob" Fornaro as a member of the Board, effective immediately.

SOUTHWEST AIRLINES APPOINTS ROBERT FORNARO TO BOARD OF DIRECTORS

Reimagines core product to meet evolving Customer preferences and increase revenue opportunities Launches new commercial initiatives to enhance Customer Experience and drive value while preserving flexible policies like bags fly free1 Expects to deliver in 2027: approximately $4 billion 2 in cumulative incremental earnings before interest and taxes (EBIT) contribution and after-tax return on invested capital (ROIC) of 15 percent or greater, well above weighted average cost of capital (WACC) Board approves $2.5 billion share repurchase program DALLAS , Sept. 26, 2024 /PRNewswire/ --  Southwest Airlines Co.  (NYSE: LUV) ("Southwest®" or the "Company") today will host an Investor Day briefing in Dallas where Southwest Leaders will outline next steps in a comprehensive three-year plan that builds upon the Company's unique business model for an even better Southwest.

SOUTHWEST AIRLINES UNVEILS ITS "SOUTHWEST. EVEN BETTER.

Southwest Airlines on Thursday raised its third-quarter forecast for revenue per available seat miles (RASM), a proxy for pricing power.

Southwest Airlines raises third-quarter revenue forecast

Southwest Airlines will lay out a strategy on Thursday to turn around its business and restore profit margins to pre-pandemic levels as the U.S. carrier faces pressure from an activist investor to shake up its management.

Southwest Airlines to outline strategy to fix its profitability problem

Southwest Airlines (LUV) is set to hold its annual investor day Thursday, and sent a memo to employees notifying them of at least one planned change that could be announced during the event: a reduction in flights and staffing to and from Atlanta starting next year.

Southwest Informs Employees of Cuts To Atlanta Operations

Southwest Airlines is cutting unprofitable routes and reducing its presence in Atlanta. The airline faces pressure from an activist investor to boost revenue and cut costs.

Southwest is making big route changes as it prepares to reveal new details of its turnaround plan

Thursday's investor day comes as Southwest struggles to return to profitability and faces heated investor activism.

Southwest Airlines' investor day: 3 things to know ahead of ‘pivotal' event

The Dallas-based airline is slashing arrivals and departures to and from Atlanta's Hartsfield-Jackson International Airport.

Southwest slashes flights at world's busiest airport as billionaire activist investor demands leadership change

Southwest Airlines Co (NYSE: LUV) is in focus this morning after announcing plans of shrinking its service to and from Atlanta. The move will enable the air carrier to lower costs as it cuts as many as 200 flight attendants and 140 pilots in the capital of Georgia next year.

Southwest Airlines announces major cost cuts: is it time to buy LUV?

Carrier adds flights to serve Nashville's travelers, including inaugural intra-Tennessee service Redeye offerings continue to grow DALLAS , Sept. 25, 2024 /PRNewswire/ --  Southwest Airlines Co.  (NYSE: LUV) today extended its flight schedule through June 4, 2025, opening Customer bookings through the Memorial Day weekend.

SOUTHWEST AIRLINES FLIGHTS AVAILABLE TO BOOK THROUGH EARLY JUNE 2025

Southwest Airlines is planning to reduce service to and from Atlanta next year. The carrier will cut more than 300 pilot and flight attendant positions, according to a memo seen by CNBC.

Southwest Airlines to cut service and staffing in Atlanta to slash costs

Southwest Airlines , the pioneering low-cost carrier, is facing a campaign by an activist investor to overhaul a business model it says is outdated, putting pressure on CEO Robert Jordan and leaving the airline scrambling to modernize, analysts say.

Southwest Air's lackluster profit fuels pressure to revamp business model

DALLAS , Sept. 24, 2024 /PRNewswire/ -- – Southwest Airlines Co. (NYSE: LUV) (the "Company") today issued a response to Elliott Investment Management L.P.

SOUTHWEST AIRLINES RESPONDS TO ELLIOTT MANAGEMENT'S SHAREHOLDER LETTER AND PROVIDES UPDATE ON ENGAGEMENT

Activist investor Elliott Investment Management on Tuesday escalated its boardroom battle with Southwest Airlines , saying it plans to call a special shareholder meeting as soon as next week to overhaul the airline's leadership.

Elliott to call special Southwest shareholder meeting for leadership overhaul

Activist investor Elliott Management said Tuesday it will call a special meeting at Southwest Airlines "as soon as next week." Southwest's shareholder meeting is typically scheduled for May, but by calling for a special meeting Elliott would be looking to elect new directors much sooner than that.

Elliott to call for Southwest special meeting 'as soon as next week'

Elliott Sends Second Open Letter to Its Fellow Shareholders Declares Intent to Call a Special Meeting in Coming Weeks, Given Urgent Need for Leadership Change Southwest's Use of "False Record Dates" Requires Shareholders Take Action Now to Protect Their Investment WEST PALM BEACH, Fla. , Sept. 24, 2024 /PRNewswire/ -- Elliott Investment Management L.P.

Elliott to Southwest Shareholders: Prepare For Special Meeting by Calling Back Your Shares Today

Southwest Airlines is bracing for significant operational changes as it responds to mounting pressure from activist investor Elliott Management. In a recent communication, the airline warned its workforce of “difficult decisions” ahead, emphasizing the need to enhance profitability in an increasingly competitive landscape.

Southwest Airlines warns of ‘difficult decisions' to boost profitability amid competition

Southwest Airlines' chief operating officer has told staff there are “difficult decisions” ahead, as the troubled airline seeks to move back to profitability under pressure from activist investor Elliott Investment Management.

Southwest Airlines has ‘difficult decisions' ahead as it works to boost profit, COO says in video message

Southwest Airlines' COO told staff that the company will have to make "difficult decisions" to boost the carrier's profits. The airline has already said it will switch to assigned seating, start red-eye flights and sell seats with extra legroom.

Southwest Airlines tells staff 'difficult decisions' ahead in push to boost profits

Southwest Airlines has warned employees that it will soon make tough decisions as part of a strategy to restore profits and counter demands from activist investor Elliott Investment Management, Bloomberg News reported on Saturday.

Southwest Airlines warns staff of 'tough decisions' ahead, Bloomberg reports

Southwest Airlines (NYSE: LUV) has lost 10% in value since early January 2023 - falling from levels of around $32 then to under $29 now - underperforming the S&P 500 by more than 50% over this period. This can primarily be attributed to a 21% decline in the stock's P/S ratio from 0.8x revenues in 2022 to 0.6x revenues now.

Why Southwest's Stock Underperformed By 50%

DALLAS , Sept. 19, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) invites you to listen to a live webcast of its 2024 Investor Day.

Southwest Airlines Co. 2024 Investor Day

Southwest Airlines' Flight Simulator Technicians secure a new deal, ensuring higher wages and enhanced benefits.

News for Southwest Airlines Stock (LUV)