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.

A federal judge in Texas denied a petition by Southwest Airlines pilots' union that sought to block the company's enforcement of a federal vaccine mandate.

Federal judge rejects Southwest Airlines pilots' request to block vaccine mandate

DALLAS, Oct. 26, 2021 /PRNewswire/ -- Southwest Airlines Co . (NYSE: LUV) (the "Company") Gary Kelly, Chairman of the Board & Chief Executive Officer was honored with a Lifetime Achievement Award through 3BL Media's Responsible CEO of the Year Awards.

Southwest Airlines Chairman And CEO Gary Kelly Recognized With Lifetime Achievement Award For Corporate Social Responsibility

Time Is Now For Southwest

DALLAS, Oct. 25, 2021 /PRNewswire/ -- Southwest Airlines Co.  (NYSE: LUV) is making business travel more rewarding by launching Rapid Rewards® Business, giving businesses the ability to earn Rapid Rewards points as their travelers return to the sky. By joining Rapid Rewards Business, companies earn Rapid Rewards points that can be applied toward travel on the company's behalf, while travelers who are Rapid Rewards Members also earn Rapid Rewards points in their personal accounts.

Southwest Airlines Makes Business Travel More Rewarding with New Rapid Rewards Business Program

The once-mighty airline has fallen into mediocrity this year.

Southwest Airlines Earnings: Another Stinker

Evercore ISI analyst Duane Pfenningwerth downgraded Southwest Airlines Co (NYSE:LUV) to In-Line from Outperform and lowered the price target of $48 (an upside of 0.51%) from $55.  Given his view of longer-lasting rebuild cost pressures and his opinion that Street expectations are "overly optimistic," he sees muted valuation upside.

Morgan Stanley, Evercore Cut Price Target On This Domestic Carrier

It marks a softening of Southwest's stance on COVID-19 vaccines. It said early October that staff must be fully vaccinated "to continue employment."

Southwest Airlines CEO says unvaccinated employees won't lose their jobs, despite a federal mandate

Southwest Airlines Co. (LUV) CEO Gary Kelly on Q3 2021 Results - Earnings Call Transcript

Southwest's (LUV) Q3 results reflect a significant year-over-year improvement owing to uptick in air-travel demand. However, its performance is partly hurt by Delta-variant-led softness in bookings.

Southwest (LUV) Incurs Narrower Than Expected Loss in Q3

American and Southwest have urged employees to apply for medical and religious exemptions.

American, Southwest CEOs say they don't plan to fire employees over federal vaccine mandate

DALLAS, Oct. 21, 2021 /PRNewswire/ -- Southwest Airlines Co.  (NYSE: LUV) has partnered with CHOOOSETM to launch a carbon offset offer that allows Customers to earn 10 Rapid Rewards® bonus points per dollar contributed to help Southwest® offset its carbon emissions, up to a maximum of 500 Rapid Rewards bonus points per month*. Starting today, Customers can contribute funds for the purchase of offsets for Southwest at Southwest.com/wannaoffsetcarbon , and for every dollar a Customer contributes toward offsetting carbon emissions, Southwest will match the contribution**.

Southwest Airlines Launches Carbon Offset Offer With Rapid Rewards Bonus Points And Company Contribution Match

Southwest Airlines canceled over 2,000 flights and left thousands of passengers stranded as it tried to get back on track earlier in October.

Southwest lost $75 million after the four-day meltdown that left passengers stranded

Southwest Airlines (NYSE:LUV) reported its Q3 earnings results on Thursday, October 21, 2021 at 06:30 AM. Here's what investors need to know about the announcement.

Southwest Airlines: Q3 Earnings Insights

American Airlines

Alaska Air Group

Earnings from major carriers have a lot to say about the health of the economy.

Will Airlines Send the Stock Market to New Highs?

Southwest (LUV) delivered earnings and revenue surprises of 14.81% and 2.13%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Southwest Airlines (LUV) Reports Q3 Loss, Tops Revenue Estimates

The cancellations as well as customer refunds and "gestures of goodwill" all contributed to the estimated cost.

Southwest mass cancellations debacle cost $75M, company says

The airline has also reduced its flying schedule as it recovers from the disruptions and struggles to hire more workers.

Mass Flight Cancellations Cost Southwest Airlines $75 Million, Company Says

Major U.S. airlines are largely unanimous in expecting robust holiday demand in the months ahead, but rising fuel prices could put a spanner in the works.

American, Southwest, and Alaska Air Just Reported Earnings. What to Know.

Southwest Airlines Co (NYSE: LUV) reported a third-quarter FY21 operating revenue of $4.7 billion, a decline of 17% from Q3 2019, beating the consensus of $4.58 billion. Operating revenue grew by 161% year-over-year.

Southwest Airlines Beats Q3 Estimates, Expects Not To Be Profitable In Q4

Southwest Airlines says that its recent service problems, which prompted it to cancel more than 2,000 flights over a four-day period, cost the airline $75 million.

Southwest's service meltdown cost it $75 million

Southwest's meltdown earlier this month disrupted the travel plans for tens of thousands of travelers.

Southwest Airlines' October flight cancellations cost carrier $75 million

Southwest Airlines Co. LUV, +0.18% reported Thursday a narrower-than-expected third-quarter loss as passenger revenue nearly tripled, as overall demand remained "quite strong" despite a deceleration in traffic in August and September as a result of surging COVID-19 cases. The air carrier's stock was little changed in premarket trading.

Southwest results beat expectations, sees 'operational challenges' in October costing $75 million in revenue

DALLAS, Oct. 21, 2021 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) (the "Company") today reported its third quarter 2021 financial results: Third quarter net income of $446 million, or $.73 per diluted share, driven by a $763 million offset of salaries, wages, and benefits expenses related to the receipt of Payroll Support Program (PSP) proceeds under the American Rescue Plan Act of 2021 Excluding special items1, third quarter net loss of $135 million, or $.23 loss per diluted share Third quarter operating revenues of $4.7 billion, down 17.0 percent compared with third quarter 2019 Ended third quarter with liquidity2 of $17.0 billion, well in excess of debt outstanding of $11.2 billion Gary C. Kelly, Chairman of the Board and Chief Executive Officer, stated, "Third quarter 2021 was a challenge for us, operationally.

Southwest Reports Third Quarter 2021 Results

Southwest Airlines Co posted a smaller third-quarter loss on Thursday as widespread vaccinations boosted travel demand ahead of the peak holiday season.

Southwest Airlines posts smaller loss on strong travel demand

Southwest Airlines (NYSE:LUV) is set to give its latest quarterly earnings report on Thursday, 2021-10-21. Here's what investors need to know before the announcement.

News for Southwest Airlines Stock (LUV)