Revenue segments as reported by the company.

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Freight

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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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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 is undertaking a strategic transformation to improve customer experience, boost financial performance, and drive shareholder value. The initiative includes significant changes, including assigned seating, premium seating options, and the introduction of red-eye flights.

Big changes at Southwest Airlines include assigned seats, premium legroom, and red-eye flights

Southwest Airlines (NYSE: LUV ) is making major changes to its boarding policy as the air travel company is getting rid of open seating. The end of open seating on Southwest Airlines flights marks a major shift in its more than 50-year history.

Goodbye Open Seating! Southwest Airlines Announces Major Policy Shift.

Southwest Airlines (LUV) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $1.09 per share a year ago.

Southwest Airlines (LUV) Beats Q2 Earnings and Revenue Estimates

Southwest Airlines will also offer redeye flights for the first time.

Southwest Airlines Shakes Up Its Seating Rules

DALLAS , July 25, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) (the "Company") today reported its second quarter 2024 financial results: Net income of $367 million, or $0.58 per diluted share Net income, excluding special items1, of $370 million, or $0.58 per diluted share Record quarterly operating revenues of $7.4 billion Liquidity2 of $11.0 billion, well in excess of debt outstanding of $8.0 billion Bob Jordan, President, Chief Executive Officer, & Vice Chairman of the Board of Directors, stated, "Our second quarter performance was impacted by both external and internal factors and fell short of what we believe we are capable of delivering. The Southwest Airlines Board of Directors, our Leadership Team, and I are all aligned and committed to serving the interests of and creating lasting value for our Shareholders, who have provided us with highly valuable and candid feedback on our performance and path forward.

SOUTHWEST AIRLINES REPORTS SECOND QUARTER 2024 RESULTS

Southwest forecast an increase of as much as 13% in non-fuel costs for the third quarter. The carrier plans to start assigning seats and offering an extra-legroom product to increase sales.

Southwest profit falls 46% as airline takes 'urgent' steps to increase revenue

Southwest Airlines beat analysts' expectations for second-quarter profit on Thursday and said it would introduce both assigned and premium seating in its cabins, marking a significant shift away from its traditional business model.

Southwest Airlines beats Q2 profit estimates, marks shift to premium seating

Southwest Airlines Co. LUV, -2.10% said Thursday it will move ahead with plans to assign seats and offer premium seating options, redesign its boarding model and introduce redeye flying. It's a big departure for the airline, which had said it was reviewing ending its hallmark open-seating policy in April, when it posted a bigger-than-expected loss for the first quarter and revenue that lagged estimates.

Southwest Airlines to move ahead with assigned seating and premium seating options

Southwest Airlines will soon assign seats on flights and sell some with extra legroom, making sweeping changes in a bid to broaden its appeal to passengers and boost revenue.

Southwest Airlines Is Ditching Open Seating on Flights

Southwest plans to offer pricier seats with extra legroom and end open seating on its planes. The shifts are the most major in Southwest's more than five decades of flying.

Southwest to get rid of open seating, offer extra legroom in biggest shift in its history

Decides to assign seats and offer premium seating options to meet evolving Customer preferences and increase revenue opportunities Introduces redeye flights for sale to further optimize the network and increase aircraft utilization Dedicates Southwest Officer Ryan Green to lead new efforts as Executive Vice President Commercial Transformation DALLAS , July 25, 2024 /PRNewswire/ -- As the next step in a continuing strategic transformation, Southwest Airlines Co.  (NYSE: LUV) (the "Company") is announcing several new initiatives designed to elevate the Customer experience, improve financial performance, and drive Shareholder value. As part of its ongoing focus on product evolution, the airline is moving forward with plans to assign seats, offer premium seating options, redesign the boarding model, and introduce redeye flying.

SOUTHWEST AIRLINES LAUNCHES ENHANCEMENTS TO TRANSFORM CUSTOMER EXPERIENCE AND IMPROVE FINANCIAL PERFORMANCE

Southwest Airlines Co. LUV will release its financial results for the second quarter, before the opening bell on Thursday, July 25.

Southwest Airlines Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

American Airlines

Two airline companies will report quarterly financial results Thursday, before market open. The results and comments on the Microsoft Outage could impact the entire airline sector going forward.

American Airlines, Southwest Airlines Q2 Earnings Previews: Will They Address The Microsoft Outage Fallout?

Southwest Airlines (LUV) is facing a safety review from the Federal Aviation Administration, the company confirmed Tuesday, following a series of incidents in recent months.

Southwest Airlines Faces FAA Review After Recent Incidents

The Federal Aviation Administration has launched a safety audit of Southwest Airlines, the agency said Tuesday, following a series of flights by the airline in recent months that have come under investigation by regulators, including some that quickly descended to low altitudes and another that departed from a closed runway.

Southwest Under FAA Scrutiny After Latest Flight Safety Incident

U.S. aviation regulators have launched an audit of Southwest Airlines Co. after recent safety-related incidents.The Wall Street Journal reported the news earlier Tuesday, citing as examples of concerning incidents flights that descended to low altitudes too early and a flight that took off from a closed runway.

Southwest Airlines safety incidents draw FAA scrutiny

Norfolk Southern

Union Pacific

Investors interested in the Transportation stocks can watch out for second-quarter 2024 earnings reports of UNP, NSC, LUV and AAL, which are slated to be released on Jul 25.

Can These 4 Transportation Stocks Hit Q2 Earnings Targets?

The U.S. Federal Aviation Administration is launching a safety review of Southwest Airlines after a series of near-miss incidents including some that raised serious concerns, the airline said on Tuesday.

US FAA boosts Southwest Airlines oversight, launches review

U.S. air-safety regulators are launching an audit of Southwest Airlines LUV -1.81%decrease; red down pointing triangle after a string of recent close calls and other incidents.

FAA Launches Audit of Southwest Airlines After Close Calls

Airline offers travelers ease and flexibility as they experience America's parks Summer of Go Sweepstakes offers prize to Bozeman, Mont.,  near Yellowstone National Park Customers on select flights will receive special giveaways to celebrate the new partnership DALLAS , July 23, 2024 /PRNewswire/ --  Southwest Airlines Co. (NYSE: LUV) announces a partnership with the National Park Foundation , the official charitable partner of the National Park Service dedicated to protecting and enhancing America's national parks for present and future generations.

SOUTHWEST AIRLINES ANNOUNCES PARTNERSHIP WITH NATIONAL PARK FOUNDATION

NEW YORK, July 22, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Southwest Airlines Co. (NYSE: LUV) on behalf of long-term stockholders following a class action complaint that was filed against Southwest Airlines on January 12, 2023 with a Class Period from June 13, 2020 to December 31, 2022. Our investigation concerns whether the board of directors of Southwest Airlines have breached their fiduciary duties to the company.

SOUTHWEST AIRLINES ALERT: Bragar Eagel & Squire, P.C. is Investigating Southwest Airlines Co. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

Federal officials are investigating an incident in which a Southwest Airlines jet flew as low as 150 feet over water while it was still about five miles from its intended landing spot at the airport in Tampa, Fla.

Feds probe after Southwest jet dipped as low as 150 feet above water near Tampa

We've got a heavy slate of earnings reports this week, as many different pockets of the economy are being represented. So far, we've seen Q2 results from a fair number of S&P 500 companies, with earnings for these index members up 8.7% on 5.2% higher revenues.

Airliner Earnings: Should You Buy?

The Federal Aviation Administration (FAA) said Saturday it is investigating a Southwest Airlines flight after it flew at a very low altitude over Tampa Bay, Florida, the most recent in a series of incidents raising safety questions.

US FAA probes latest Southwest Airlines flight that posed safety issues

Southwest Airlines (LUV) second-quarter 2024 revenues are expected to have benefited from growth in air-travel demand. Rising expenses are likely to have weighed on the bottom line.

News for Southwest Airlines Stock (LUV)