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.

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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 income

EBITDA

Net income

Earnings per share

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Net PPE

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Book value per share

Cash from operations

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Purchase/sale of investments

Purchase/sale of business

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Change in stock

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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. (NYSE:LUV ) Q3 2022 Earnings Conference Call October 27, 2022 12:30 PM ET Company Participants Ryan Martinez – Vice President-Investor Relations Linda Rutherford – Chief Administration and Communications Officer Bob Jordan – Chief Executive Officer Mike Van de Ven – President Andrew Watterson – Chief Operating Officer Tammy Romo – Executive Vice President and Chief Financial Officer Ryan Green – Executive Vice President and Chief Commercial Officer Conference Call Participants Andrew Didora – Bank of America Scott Group – Wolfe Research Jamie Baker – JPMorgan Ravi Shanker – Morgan Stanley Duane Pfennigwerth – Evercore Conor Cunningham – Melius Research Savi Syth – Raymond James Brandon Oglenski – Barclays Chris Stathoulopoulos – SIG Sheila Kahyaoglu – Jefferies Alison Sider – Wall Street Journal Robert Silk – Travel Weekly David Slotnick – TPG Leslie Josephs – CNBC Operator Good day everyone. And welcome to the Southwest Airlines Third Quarter 2022 Conference Call.

Southwest Airlines Co. (LUV) Q3 2022 Earnings Call Transcript

Southwest Airlines expressed confidence in holiday travel demand Thursday after reporting record operating revenue over the three-month period ending in September.

Southwest sees strong holiday travel demand

Southwest Airlines (LUV) third-quarter 2022 revenues benefit from improvement in leisure demand and loyalty program, amid the unfavorable impact of Hurricane Ian.

Southwest Airlines (LUV) Q3 Earnings Beat, 2022 View Tweaked

Southwest (LUV) delivered earnings and revenue surprises of 21.95% and 0.14%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Southwest Airlines (LUV) Q3 Earnings Top Estimates

The airline expects to generate strong profits and margins in the fourth quarter based on current strong business and leisure travel trends.

Southwest Airlines Sees Strong Travel Demand Ahead. The Stock Is Climbing.

Shares of Southwest Airlines Co. LUV, -0.72% jumped 2.6% in premarket trading Thursday, after the air carrier reported third-quarter profit beat expectations and load factor that exceeded pre-pandemic levels, as leisure travel demand remained strong and business travel trends improved. Net income fell to $277 million, or 44 cents a share, from $446 million, or 73 cents a share, in the year-ago period.

Southwest Airlines stock jumps after Q3 profit beat, load factor tops pre-pandemic levels

Southwest said delivery delays will determine its schedules going forward.

Southwest says travel demand still strong, warns Boeing delays could continue into 2024

The airline said the timing of next year's deliveries is uncertain.

Southwest Expects Strong Demand, Raises Concerns on Jet Shortages

DALLAS , Oct. 27, 2022 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) (the "Company") today reported its third quarter 2022 financial results: Net income of $277 million, or $0.44 per diluted share Net income, excluding special items1, of $316 million, or $0.50 per diluted share Record third quarter operating revenues of $6.2 billion Liquidity2 of $14.7 billion, well in excess of debt outstanding of $8.7 billion Bob Jordan, Chief Executive Officer, stated, "We are pleased to report solid third quarter 2022 profits and record third quarter operating revenues. Following record summer leisure travel demand, revenue trends remained strong in September 2022, bolstered by improving business travel trends post-Labor Day.

SOUTHWEST AIRLINES REPORTS THIRD QUARTER 2022 RESULTS

DALLAS , Oct. 26, 2022 /PRNewswire/ -- Southwest Airlines Co.  (NYSE: LUV) (the "Company") and the International Association of Machinists and Aerospace Workers (IAM) have reached a Tentative Agreement for a new contract to cover the Company's more than 8,000 Customer Service Employees. "Our goal from the beginning has been to reach an agreement that rewards our Customer Service Employees for their many contributions to Southwest®, while being mindful of needed efficiencies to keep our Company agile and competitive.

SOUTHWEST AIRLINES' CUSTOMER SERVICE EMPLOYEES TO VOTE ON NEW CONTRACT

Southwest Airlines (LUV) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Is a Surprise Coming for Southwest Airlines (LUV) This Earnings Season?

Through this partnership with the Dallas-based Historically Black College and University, the carrier continues to champion educational attainment for all DALLAS , Oct. 25, 2022 /PRNewswire/ -- Southwest Airlines Co.  (NYSE: LUV) announces a partnership with Paul Quinn College to become the College's official airline and a member of the school's celebrated Urban Work College Program. Southwest Airlines® has long believed educated communities are empowered communities, and continues to invest in workforce development programs that introduce students to the diverse set of career opportunities in the aviation industry.

SOUTHWEST AIRLINES BECOMES OFFICIAL AIRLINE OF PAUL QUINN COLLEGE, JOINS LIST OF PARTNERS FOR URBAN WORK COLLEGE PROGRAM

DALLAS — More than 8,000 customer-service workers at Southwest Airlines would get raises of 16% to 25% over four years under a tentative contract, a sign of cost pressures facing airlines in a tight labor market.

Tentative deal would boost pay for 8,000 Southwest Airlines workers

Southwest Airlines' (LUV) third-quarter 2022 revenues are expected to have benefited from growth in domestic and leisure air-travel demand and improvement in passenger revenues. Rising fuel prices are likely to have weighed on the bottom line.

Is a Beat in Store for Southwest Airlines (LUV) in Q3 Earnings?

American Airlines

Delta Air Lines

JetBlue Airways

United Continental Hlds

Major U.S. airlines oppose plans by the U.S. Transportation Department to update a government dashboard to show if carriers will voluntarily compensate passengers for lengthy delays within airlines control, a trade group told Reuters on Friday.

Airlines oppose U.S. push on flight delay compensation

Southwest (LUV) doesn't possess 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) Earnings Expected to Grow: Should You Buy?

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

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.

News for Southwest Airlines Stock (LUV)