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.

Elliott Investment Management is expected to launch a board room challenge at Southwest Airlines , nominating as many as 10 director candidates as the hedge fund wants the company to oust its chief executive officer and improve performance, sources said on Tuesday.

Elliott expected to propose a majority of new board members at Southwest Airlines, sources say

Elliott Investment Management is preparing to launch a proxy fight at Southwest Airlines LUV 0.16%increase; green up pointing triangle, according to people familiar with the matter, as the activist turns the heat up a notch in its battle with the Dallas-based carrier.

Elliott Prepares to Launch Proxy Fight at Southwest Airlines

Delta Air Lines

United Continental Hlds

Thanks to the benefit of hindsight, the disastrous spell of the Covid-19 crisis represented the best time for airline stocks to buy on the dip. Obviously, that season has long passed.

3 Airline Stocks to Buy on the Dip: August 2024

Elliott Investment Management on Monday said in a regulatory filing that it has a 7% beneficial ownership in Southwest Airlines , giving a breakdown of what it owns as it tries to overhaul management and improve financial performance.

Elliott breaks down Southwest ownership in new regulatory filing

Spirit Airlines

Frontier Group Holdings

Demand for high-end travel is booming, and U.S. carriers are in a rush to seize on it.

US airlines jump on the premium-seat bandwagon

DALLAS , July 31, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) Board of Directors declared a quarterly cash dividend of $.18 per share to Shareholders of record at the close of business on September 4, 2024, on all shares then issued and outstanding. The quarterly dividend will be paid on September 25, 2024.

SOUTHWEST AIRLINES DECLARES 182nd QUARTERLY DIVIDEND

Alaska Air Group

Airlines stocks and the broader industry were rocked back on July 19 by the CrowdStrike (NASDAQ: CRWD ) outage that brought computer systems across the world to a grinding halt. For one, this outage underscored just how reliant the world's transportation systems are on a single company's cybersecurity systems.

3 Airline Stocks That Were Unscathed by the CrowdStrike Outage

Southwest Airlines Co. plans to end its hallmark open seating policy and start offering assigned seats and premium seating, but it remains to be seen how it will reconfigure its Boeing Co. jets to do so, particularly its older aircraft.

Southwest's new open seating raises ‘more questions than answers,' this analyst says

Southwest Airlines' plan to eliminate open seating is one way for the company to raise much-needed revenue, but it comes with the risk of alienating loyal customers.

Will Southwest Airlines' move to end open seating work?

American Airlines

JetBlue Airways

U.S. airlines are cutting their growth plans for the second half of the year. Over the last week, airlines shaved a point of capacity off their growth plans for the fourth quarter, according to Deutsche Bank.

U.S. airlines cut growth plans in a bid to stem profit-eating fare discounts

TripAdvisor

Traveling has long been many people's favorite way to spend their leisure time. Whether going to popular tourist destinations with friends or visiting loved ones across the country, traveling is many people's favorite thing to look toward during a summer vacation.

Get Your Money Out of These 3 Travel Stocks by the End of 2024

The friction between Elliott Investment Management and the leadership of Southwest Airlines (LUV) intensified after the private equity firm blasted the airline's management for acting too late to initiate financial reforms.

Activist Investor Elliott Criticizes Southwest Again After Airline Announces Changes

Agenus

CommScope Hld

Green Thumb Industries Inc.

Hawaiian Electric Industries

MidCap Financial Investment Corp

Sabre

Summit Midstream Partners LP

Yandex

Serve Robotics Inc

We share 12 ideas published last week focused on stocks with less coverage on Seeking Alpha. Despite the decline in stock price for small biotech Agenus, one analyst thinks it could have further to go. Lithium Americas Corp. could be positioned for significant profitability with potential for 100-700% upside in share price.

Undercovered Dozen: Hawaiian Electrics, Serve Robotics, Yandex, Southwest Airlines +

One Southwest fan likened the drastic policy change to the time Coca-Cola rolled out New Coke.

Southwest Airlines says passengers wanted assigned seats. For some loyal flyers, ‘it's a true blow.

DALLAS , July 26, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) has new flights available for booking today as the carrier continues responding to Customer demand and preferences with additional service around popular events in Southwest® destinations, as well as redeye operations for the first time. Flexibility for Football After expanding our college football and professional football playbooks, Southwest Airlines®—the Official Airline of the Southeastern Conference—is kicking off additional round trip service for gridiron fans.

SOUTHWEST ADDS MORE FLIGHTS FOR POPULAR EVENTS; PUBLISHES INITIAL REDEYE SERVICE AND NEW ROUTES SPANNING THE COUNTRY

Brunswick

DexCom

Huntington Bancshares

L3Harris

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.

This Southwest Airlines Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday

Every airline has its devoted customers, and then there's Southwest.

Southwest Fans Wonder if the Airline Has Changed Forever

The veteran carrier published its second-quarter results before the market open. Its revenue rose, and its adjusted net income fell during the period.

Why Southwest Stock Soared More Than 5% Higher Today

WEST PALM BEACH, Fla. , July 25, 2024 /PRNewswire/ -- Elliott Investment Management L.P.

Elliott Statement on Southwest Airlines' Revenue Enhancement Initiatives

Southwest Airlines (LUV) second-quarter 2024 earnings decline year over year while revenues improve.

Southwest Airlines (LUV) Q2 Earnings & Revenues Top Estimates

Southwest Airlines Co. (NYSE:LUV ) Q2 2024 Earnings Conference Call July 25, 2024 12:30 PM ET Company Participants Julia Landrum - Vice President, Investor Relations Bob Jordan - President & Chief Executive Officer Andrew Watterson - Chief Operating Officer Tammy Romo - Executive Vice President & Chief Financial Officer Ryan Green - EVP, Commercial Transformation Whitney Eichinger - Senior Vice President & Chief Communications Officer Conference Call Participants Brandon Oglenski - Barclays Jamie Baker - JPMorgan Savi Syth - Raymond James Conor Cunningham - Milius Research Mike Linenberg - Deutsche Bank Duane Pfennigwerth - Evercore ISI Scott Group - Wolfe Research Sheila Kahyaoglu - Jefferies Alexandra Skores - The Dallas Morning News Rajesh Singh - Reuters David Koenig - The Associated Press Lori Aratani - The Washington Post Alison Sider - The Wall Street Journal Mary Schlangenstein - Bloomberg News Operator Hello, everyone, and welcome to the Southwest Airlines Second Quarter 2024 Conference Call. I am Gary, and I'll be moderating today's call, which is being recorded.

Southwest Airlines Co. (LUV) Q2 2024 Earnings Call Transcript

Jets ETF and American Airlines' stock gap lower at the open, hit fresh lows, then rallied above the previous day's highs.

Airline stocks snap back, heading for bullish ‘key reversal' patterns

Southwest Airlines (LUV) is abandoning its longtime policy of open seating, announcing plans Thursday "to assign seats and offer premium seating options to meet evolving Customer preferences and increase revenue opportunities."

Southwest Airlines To Introduce Assigned Seating, Overnight Flights

The FAA is investigating Southwest Airlines after several in-flight incidents in recent months. Southwest planes have descended to dangerously low altitudes, and one suffered a so-called "Dutch roll.

Southwest is being investigated after a slew of incidents, including a rare 'Dutch Roll' and planes flying too close to the ground

The headline numbers for Southwest (LUV) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

News for Southwest Airlines Stock (LUV)