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.

Southwest stands apart other large airlines because it doesn't have seat assignments.

Open seating no more? Southwest CEO says airline is weighing cabin changes

While the top- and bottom-line numbers for Southwest (LUV) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Southwest (LUV) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

Southwest Airlines Co (NYSE:LUV) missed top- and bottom-line expectations for the first quarter, and warned that it now anticipates getting just 20 Boeing (BA) 737 MAX planes this year -- less than half what it previously estimated -- which could limit growth into 2025.

Slashed Delivery Forecast Dings Airline Stock

Southwest expects to end this year with 2,000 fewer employees than it had at the start of the year.

Southwest Airlines to end service at four airports, fire 2000 employees

Boeing

It's been a horrible year for plane maker Boeing. But Boeing's troubles are quickly becoming troubles for its major customers, which in the United States include United Airlines and Southwest Airlines.

Southwest Airlines will stop flying to these 4 airports and reduce service to others as Boeing troubles bite

American Airlines

American Airlines stock early Thursday while Southwest stock sank following Q1 earnings and revenue reports.

American Airlines Stock, Southwest Airlines Shares Diverge After First-Quarter Earnings

Southwest Airlines Co.'s stock LUV, -0.54% tumbled 7.8% early Thursday, after the airline posted a wider-than-expected first-quarter loss and revenue that lagged estimates. The company had a net loss of $231 million, or 39 cents a share, for the quarter, wider than the loss of $159 million, or 27 cents a share, posted in the year-earlier period.

Southwest Airlines' stock tumbles after airline's first-quarter loss is wider than expected as revenue falls short

DALLAS , April 25, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) (the "Company") today reported its first quarter 2024 financial results: Net loss of $231 million, or $0.39 loss per diluted share Net loss, excluding special items1, of $218 million, or $0.36 loss per diluted share Record first quarter operating revenues of $6.3 billion Liquidity2 of $11.5 billion, well in excess of debt outstanding of $8.0 billion Bob Jordan, President and Chief Executive Officer, stated, "While it is disappointing to incur a first quarter loss, we exited the quarter with healthy profits and margins in the month of March. We are focused on controlling what we can control and have already taken swift action to address our financial underperformance and adjust for revised aircraft delivery expectations.

SOUTHWEST AIRLINES REPORTS FIRST QUARTER 2024 RESULTS

Southwest Airlines is one of Boeing's biggest customers and flies only 737s.

Southwest loss widens, airline warns Boeing airplane delays will hit growth into 2025

Southwest Airlines said on Thursday it anticipates less than half of the new aircraft deliveries it had previously expected from Boeing in 2024 and will take measures to tighten costs, such as voluntary time off programs, as a buffer.

Southwest Airlines cuts jet delivery forecast from Boeing again

DALLAS — Flight attendants at Southwest Airlines have ratified a contract that includes pay raises totaling more than 33% over four years, as airline workers continue to benefit from the industry's recovery since the pandemic.

Southwest Airlines flight attendants ratify contract that will raise pay about 33% over 4 years

The carrier's earnings may be dominated by any update on the impact of delays to Boeing aircraft deliveries on its growth plans.

Southwest Airlines Earnings Are Likely to Reveal Its True Exposure to Boeing

Southwest Airlines' flight attendants on Wednesday voted in favor of a new contract with an immediate 22% pay raise, the union representing the employees and the carrier said on Wednesday.

Southwest Airlines flight attendants ratify new contract

DALLAS , April 24, 2024 /PRNewswire/ -- Southwest Airlines Co.  (NYSE: LUV) announced today that its Flight Attendants, represented by the Transport Workers Union Local 556, voted in favor of a new collective bargaining agreement. In addition to industry-leading compensation increases, the new agreement incorporates refined on-call scheduling for Southwest Airlines® Flight Attendants and other quality-of-life enhancements, including Company-paid maternity and parental leaves.

SOUTHWEST AIRLINES FLIGHT ATTENDANTS RATIFY NEW CONTRACT

DALLAS , April 24, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) invites you to listen to a live webcast of its first quarter 2024 financial results. Details are as follows: When: Thursday, April 25, 2024 at 12:30 PM Eastern Time Who: Bob Jordan, President and Chief Executive Officer Andrew Watterson, Chief Operating Officer Ryan Green, Executive Vice President and Chief Commercial Officer Tammy Romo, Executive Vice President and Chief Financial Officer Web Address: http://www.southwestairlinesinvestorrelations.com/ To access the live audio webcast and subsequent replay, click on the link above, or go to www.southwest.com and click on "Investor Relations" under the "About Southwest" menu at the bottom of the page.

Southwest Airlines to Discuss First Quarter 2024 Financial Results on April 25, 2024

United Continental Hlds

We have entered the heart of the 2024 Q1 earnings cycle with a notably stacked earnings schedule on deck for this week. The period has primarily been positive so far, with the big banks' results not causing any spooks.

Airliner Earnings: What Can Investors Expect?

Norfolk Southern

Union Pacific

Let's focus on transportation stocks like UPS, NSC, UNP, LUV and AAL, which are scheduled to release first-quarter 2024 earnings shortly.

What's in Store for These 5 Transportation Stocks in Q1 Earnings?

Beyond analysts' top -and-bottom-line estimates for Southwest (LUV), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.

Stay Ahead of the Game With Southwest (LUV) Q1 Earnings: Wall Street's Insights on Key Metrics

Southwest Airlines (LUV) first-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.

Is a Beat Ahead for Southwest Airlines' (LUV) Q1 Earnings?

Dell Technologies

Tesla

Sometimes, the trading price of a stock may seem too good to be true. That's often because it is.

Inflation-Proof Your Portfolio: 3 Overvalued Stocks to Dump Now

Southwest (LUV) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Southwest Airlines (LUV) Expected to Beat Earnings Estimates: Should You Buy?

With a nod to the Company's roots of democratizing the skies, the campaign celebrates traveling on America's most flexible and friendly airline DALLAS , April 18, 2024 /PRNewswire/ -- Southwest Airlines Co.  (NYSE: LUV) today unveils a new brand campaign, "The Big Flex," showcasing the carrier's flexible and Customer-friendly points of difference, including two bags fly free®1, no change or cancellation fees2, flight credits that don't expire3, and points that don't expire4. The campaign highlights what's most important to Southwest® Customers—choice and flexibility—delivered with the low fares and legendary Hospitality for which Southwest is famous.

SOUTHWEST AIRLINES LAUNCHES 'THE BIG FLEX': A BOLD NEW BRAND CAMPAIGN SHOWCASING THE CARRIER'S FUN-LOVING PERSONALITY AND FLEXIBLE POLICIES ON EVERY FARE, EVERYWHERE

Delta Air Lines

Mast Global Battery Recycling & Production ETF

JetBlue Airways

Airline stocks are up today as a strong earnings report from United Airlines (NASDAQ: UAL ) is lifting up companies in the sector on Wednesday. The earnings report starts off well with United Airlines reporting an adjusted loss of 15 cents per share.

Why Are Airline Stocks Up Today?

The chair of the National Transportation Safety Board (NTSB) said the loss of an engine cover on a Southwest Airlines Boeing 737-800 on Sunday that fell off during takeoff in Denver and struck the wing flap was the result of a maintenance issue.

NTSB says Southwest engine cover loss caused by maintenance issue

Southwest Airlines (NYSE: LUV ) stock is in the news Monday as the Federal Aviation Administration (FAA) plans to probe the travel company over an engine cover problem. Southwest Airlines made headlines over the weekend when an engine cover flap on one of its planes came loose after taking off from the Denver International Airport.

News for Southwest Airlines Stock (LUV)