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 Q4 2021

Earnings data Q1 2022

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Earnings data Q1 2023

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Earnings data Q1 2024

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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

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

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Stockholders equity

Minority interest

Total liabilities & equity

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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.

Southwest Airlines (LUV) raises 2024 economic fuel costs per gallon guidance to the range of $2.70 to $2.80 from $2.55 to $2.65.

Southwest Airlines (LUV) Grapples With Rising Expenses

DALLAS , May 9, 2024 /PRNewswire/ -- With deep sadness, Southwest Airlines Co. (NYSE: LUV) shares that President Emeritus Colleen Barrett, 79, has passed away, surrounded by loved ones.  Colleen passionately guided generations to do the right thing, and often cited The Golden Rule—insisting that everyone treat each other in a way they would hope to be treated.

SOUTHWEST AIRLINES MOURNS THE PASSING OF PRESIDENT EMERITUS COLLEEN BARRETT (1944-2024)

DALLAS , May 8, 2024 /PRNewswire/ -- Southwest Airlines Co.  (NYSE: LUV) today launches its annual corporate citizenship reports, the One Report and the Diversity, Equity, and Inclusion (DEI) Report, highlighting the carrier's work across its corporate citizenship initiatives. The integrated reports provide a snapshot of financial; corporate social responsibility (CSR); environmental, social, and corporate governance (ESG) reporting; and DEI priorities at Southwest Airlines®.

SHOWCASING HEART FOR PEOPLE AND PLANET: SOUTHWEST AIRLINES REPORTS ANNUAL PROGRESS IN SUSTAINABILITY AND CORPORATE CITIZENSHIP

Southwest (LUV) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Investors Heavily Search Southwest Airlines Co. (LUV): Here is What You Need to Know

Booking Hlds

Rapid Rewards Members and Rapid Rewards Business Members can now pay for flights with a combination of cash and points;  Members can also redeem Rapid Rewards points, or use a combination of cash and points, on hotel bookings.  DALLAS , May 6, 2024 /PRNewswire/ -- Southwest Airlines Co.  (NYSE: LUV) today introduced Cash + Points, 1 a new flexible payment option for Rapid Rewards®2 Members.

SOUTHWEST AIRLINES' RAPID REWARDS PROGRAM SOARS TO NEW HEIGHTS WITH THE ADDITION OF MORE FLEXIBLE PAYMENT OPTIONS & HOTEL REDEMPTIONS

Generac Holdings

Sprouts Farmers Markets

What's Warren Buffett's secret? The truth is, there is no secret.

3 Value Stocks You Can Buy Before They Become Big

DALLAS , May 2, 2024 /PRNewswire/ -- Southwest Airlines Co.  (NYSE: LUV) today announced its No. 1 ranking on Newsweek's 2024 America's Best Customer Service List in the Airlines and Low-Cost Airlines subcategories.

SOUTHWEST AIRLINES RANKED THE TOP AIRLINE IN NEWSWEEK'S 2024 AMERICA'S BEST CUSTOMER SERVICE LIST

JetBlue Airways

Frontier Group Holdings

Southwest, Frontier, and JetBlue shares all underperformed in April, with each company weighed down by different issues. It is possible some of these issues will not be resolved until after this demand cycle has ebbed.

Why April Was a Miserable Month for Discount Airline Stocks

Spirit Airlines

The economy continues to give investors mixed signals. Inflation remains at higher-than-average levels — compared to the Federal Reserve's preferred 2% target.

Stock Market Crash Warning: Don't Get Caught Holding These 3 Airline Stocks.

Delta Air Lines

United Continental Hlds

The recent economic reports have raised concerns about a potential negative future for the United States economy, characterized by stagflation—a troubling situation of rising inflation and slowing economic growth. The latest GDP figures showed a significant slowdown in growth, with the economy expanding at only 1.6% annually, well below expectations.

Stock Market Crash Alert: 3 Must-Buy Airline Stocks When Prices Plunge

DALLAS , May 1, 2024 /PRNewswire/ -- Southwest Airlines Co.  (NYSE: LUV) announced today that Executive Vice President & Chief Legal & Regulatory Officer & Corporate Secretary Mark Shaw  has decided to move to an Executive Advisor role, effective June 1. Shaw joined Southwest Airlines® nearly 24 years ago.

SOUTHWEST AIRLINES ANNOUNCES LEADERSHIP UPDATES

Low fares on last-minute trips offered each Wednesday DALLAS , May 1, 2024 /PRNewswire/ -- Southwest Airlines Co.  (NYSE: LUV) is making Wednesdays a little more fun with "Wanna Go Wednesdays" for Customers looking to get away or book a last-minute trip. Starting today, May 1, Customers can visit Southwest.com each Wednesday to take advantage of the airline's low fares for their next getaway.

SOUTHWEST AIRLINES LAUNCHES WANNA GO WEDNESDAYS

Program fosters lifelong social impact with nonprofit organizations and has kept more than 1.4 million pounds of aircraft seat leather out of landfills DALLAS, April 30, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) celebrates 10 years of its signature program, Repurpose with Purpose, a global sustainability initiative that creates partnerships with social impact organizations to upcycle and transform aircraft seat leather removed during ongoing aircraft renovations and the aircraft retirement process. Community partners across the globe have upcycled more than one million pounds of Southwest® aircraft seat leather through this program, fostering sustainable solutions with a transformative community impact, including employment opportunities and on-the-job skills training.

SOUTHWEST AIRLINES CELEBRATES 10TH ANNIVERSARY OF AWARD-WINNING SUSTAINABILITY PROGRAM: REPURPOSE WITH PURPOSE

A Jefferies analyst says it's time to sell the shares, and slashed her price target to $20 from $28.

Southwest Stock Gets a Downgrade. The Bumpy Flight Only Just Started, Analyst Says.

Southwest Airlines joined a number of U.S. airlines in reporting a first quarter 2024 loss with concern around labor and maintenance expenses. Southwest's loyalty to Boeing has been extraordinarily costly, with 2024 MAX deliveries expected to be a fraction of contractual levels. Southwest is implementing long-planned strategies and considering operational and customer service changes to grow its profits.

Southwest Airlines Is Set To Soar Again

CARRIER OFFERS HISTORIC TIME HORIZON OF DAYS AVAILABLE FOR BOOKING DALLAS , April 26, 2024 /PRNewswire/ -- Southwest Airlines Co.  (NYSE: LUV) has extended its flight schedule through March 5, 2025, to allow Customers to plan and book travel well into the new year. The carrier's full flight schedule is available at Southwest.com.

SOUTHWEST AIRLINES EXTENDS FLIGHT SCHEDULE THROUGH MARCH 5, 2025

Southwest Airlines Co. (NYSE:LUV ) Q1 2024 Earnings Conference Call April 25, 2024 12:30 PM ET Company Participants Julia Landrum - Vice President of Investor Relations Robert Jordan - President & Chief Executive Officer Tammy Romo - Executive Vice President and Chief Financial Officer Ryan Green - Executive Vice President & Chief Commercial Officer Andrew Watterson - Chief Operating Officer Whitney Eichinger - Chief Communications Officer Conference Call Participants Michael Linenberg - Deutsche Bank David Vernon - Bernstein Research Duane Pfennigwerth - Evercore ISI Jamie Baker - JPMorgan Securities Inc Savanthi Syth - Raymond James & Associates Alexandria Skores - Dallas Morning News Mary Schlangenstein - Bloomberg News Alison Sider - Wall Street Journal Dawn Gilbertson - Wall Street Journal David Koenig - The Associated Press Leslie Josephs - CNBC Rajesh Singh - Reuters David Slotnick - TPG Operator Hello, everyone, and welcome to the Southwest Airlines First Quarter 2024 Conference Call. I'm Gary, and I'll be moderating today's call, which is being recorded.

Southwest Airlines Co. (LUV) Q1 2024 Earnings Call Transcript

Sit down for this one, Southwest Airlines travelers: The airline carrier with a distinct seating policy has suggested it's rethinking its approach.

Southwest Airlines is ending flights to four airports — and that's not even the big news for travelers

Southwest Airlines (LUV) Incurs Q1 Loss on Higher Expenses

Shares of Southwest Airlines (LUV) slumped to their lowest level this year Thursday as the carrier posted worse-than-expected quarterly results, cut its guidance, and took steps to save money as its growth was hampered by problems with deliveries of Boeing (BA) aircraft.

Southwest Airlines Stock Sinks After Q1 Results Miss, Guidance Cut

Southwest Airlines said Thursday it will cut 2,000 jobs and cease operations at four airports, partly to address “significant challenges” caused by delays in Boeing aircraft deliveries, as the world's largest operator of 737 Max airplanes seeks to stem steep first-quarter losses.

Southwest Airlines Cutting 2,000 Jobs And Leaving 4 Airports Amid Boeing Woes—And Cost-Cutting Drive

Boeing

Southwest Airlines Co (NYSE:LUV) shares have tumbled 8% after it warned its growth plans would continue to be hampered by Boeing aircraft delays well into 2025. A wider-than-expected first-quarter loss and set of sales were also posted by the group, highlighting that the troubles surrounding Boeing are having a direct effect.

Southwest Airlines slides as Boeing delays wreak havoc

Southwest posted results that were a little soft relative to expectations. The airline announced a series of cutbacks in response to issues sourcing new planes from Boeing.

Why Southwest Airlines Stock Is Flying Lower Today

Southwest announced it will leave four airports this year following fewer expected Max deliveries. The network adjustment includes flight reductions in Atlanta and Chicago, too.

Southwest is leaving 4 cities this year as it deals with Boeing's 737 Max crisis — see the list

Southwest Airlines is pulling out of some airports and cutting costs as it grapples with lackluster earnings and delays of new Boeing planes.

News for Southwest Airlines Stock (LUV)