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

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Earnings data Q1 2022

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Earnings data Q4 2022

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.

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.

The firm has set its eyes on ousting Southwest CEO Bob Jordan and Executive Chairman Gary Kelly, both of whom it blamed for the company's downfall.

Activist hedge fund Elliott doubles down on Southwest Airlines proxy fight

Allegiant Travel Company

Boeing

Copa Hlds

Ryanair Hlds

United Continental Hlds

While Copa Holdings (CPA) and Ryanair Holdings (RYAAY) report impressive traffic numbers for July 2024, Allegiant (ALGT) posts dull numbers.

Airline Stocks Reports July Traffic Numbers: An Analysis

Shares of Southwest Airlines Co. LUV, +4.64% ascended 0.7% toward a six-week high in premarket trading Monday, after activist investor Elliott Management sent a letter to shareholders explaining why the air carrier needs new leadership. Elliott, which has about an 11% stake in Southwest, said the company's leadership has been “inadequate,” as they have “stubbornly” adhered to antiquated business practices, and needs to be removed and the board of directors needs to be refreshed for the company and its stock to stop declining.

Southwest's stock gains after activist Elliott lays out how to fix the airline

Reiterates Framework for a Comprehensive Solution at Southwest Calls for Southwest Board to Put Company's Best Interests Ahead of Leadership's Personal Interests Full Letter Available at StrongerSouthwest.com WEST PALM BEACH, Fla. , Aug. 26, 2024 /PRNewswire/ -- Elliott Investment Management L.P.

Elliott Sends Open Letter to Its Fellow Southwest Shareholders

Elliott Investment Management is telling Southwest Airlines investors the company needs new outside leadership and that it wants to engage to shape a "better future" but is also ready to press ahead with a planned proxy fight.

Elliott lays out its case in letter for leadership change at Southwest Airlines

There's no question that Oscar Munoz was good for United Airlines. He came in as CEO at a tough time, fixed problems, and then did what many executives cannot: he managed succession well.

Southwest Airlines Needs Better Communications Not Activist Investors

Airline adds nonstop international service between Nashville and both Punta Cana and Cabo San Lucas/Los Cabos and between Sacramento and Puerto Vallarta beginning March 8, 2025* Increases flights to support fans traveling for fall football matchups Continues strengthening network with new seasonal and redeye service  DALLAS , Aug. 22, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) extended its flight schedule today, allowing Customers to book travel through April 7, 2025. The airline is offering Customers new flight options including more international service and additional flights to get Customers to their favorite football games.

SOUTHWEST AIRLINES EXTENDS FLIGHT SCHEDULE THROUGH EARLY APRIL 2025

Airline Veteran to Guide Pricing and Yield Management in Carrier's Revenue Organization DALLAS , Aug. 21, 2024 /PRNewswire/ - Southwest Airlines Co.  (NYSE: LUV) has appointed Tim Lyon to a new role as Vice President Pricing, where he is focusing additional attention on the carrier's yield and pricing discipline. Lyon brings more than two decades of airline industry experience and will oversee the carrier's Pricing Department, coordinating closely with business units that guide Revenue Management and Sales.

SOUTHWEST AIRLINES WELCOMES TIM LYON AS VICE PRESIDENT PRICING

The country's largest regional airline, Southwest Airlines Co. NYSE: LUV, shares are rising as famed activist investor Elliott Management seeks to replace the company's leaders through a proxy war. Elliott made headlines recently after Starbucks Co. NASDAQ: SBUX pulled a coup by hiring Chipotle Mexican Grill Inc. NYSE: CMG CEO Brian Niccol to be its new CEO starting Sept.

Southwest Airlines Rises as Elliott Management Targets Leadership

Southwest Airlines CEO Bob Jordan has been meeting with investors as he prepares for a proxy fight led by activist hedge fund Elliott Investment.

Southwest CEO buckles down for Elliott proxy fight: ‘a battle for the heart of our company'

MILWAUKEE, Aug. 15, 2024 (GLOBE NEWSWIRE) -- The following statement is issued by the Global Value Team at Artisan Partners Limited Partnership, whose discretionary investment management clients collectively hold more than 10.8 million shares of Southwest Airlines Co. (NYSE: LUV) ("Southwest" or the "Company"), or roughly 1.8% of the Company's outstanding shares:

Artisan Partners Global Value Team Statement Regarding Director Candidates for the Board of Southwest Airlines

I've been bearish on Southwest Airlines stock since 2018 and maintained that stance through the pandemic. Historically, Southwest has had a long history as a profitable airline but hasn't adapted well to the current environment. Activist investors should act as a positive catalyst for the stock.

It's Time To Buy Southwest Airlines Stock And Wait

Alphabet

Kellogg

The Nasdaq Composite ended flat, though, as Alphabet sold off on more regulatory woes.

Stock Market Today: Dow Gains 242 Points After Encouraging CPI Data

Elliott Investment is seeking major changes at Southwest Airlines, including several board seats. Here's what a proxy battle could mean.

Southwest Gears Up for Proxy Fight With Elliott Investment. Here's What That Means

Elliott is known for shaking up leadership at struggling companies and most recently pushed for the replacement of Starbucks CEO Laxman Narasimhan.

Activist investor Elliott pushes to grab control of Southwest Airlines board

Elliott Investment Management is preparing to launch a fight for control for control of Southwest Airlines' (LUV) board.

Elliott Wants to Shake Up Southwest Airlines' Board

DALLAS , Aug. 14, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) (the "Company") has the following response to an announcement made by one of its Shareholders, Elliott Investment Management L.P. ("Elliott"), stating its intention to replace a majority of the Southwest Airlines Board of Directors by nominating 10 candidates.

SOUTHWEST AIRLINES COMMENTS ON ELLIOTT MANAGEMENT'S INTENT TO REPLACE A MAJORITY OF ITS BOARD

Elliott Intends to Nominate Ten Independent, Highly Qualified Candidates Candidates Bring Best-in-Class Experience in Airlines, Technology, the Consumer and Hospitality  Sectors, Labor Relations and Regulatory Oversight Elliott Takes Key Step Toward Implementing Urgent Changes at Southwest Full Materials Available at StrongerSouthwest.com WEST PALM BEACH, Fla. , Aug. 13, 2024 /PRNewswire/ -- Elliott Investment Management L.P.

Elliott Management Announces Director Candidates for the Board of Southwest Airlines

Elliott is preparing to launch a proxy fight at Southwest Airlines and will nominate as many as 10 directors to the company's 15-person board. Elliott has an 11% stake in the airline through stock and derivatives.

Activist Elliott will launch proxy fight at Southwest Airlines, to nominate as many as 10 directors

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

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.

News for Southwest Airlines Stock (LUV)