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.

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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

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Short term debt

Income tax payable

Non-current liabilities

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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.

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 September 2024.

Ahead of Southwest (LUV) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics

Activist investor Elliott Investment Management and Southwest Airlines are in talks to settle their months-long battle, according to reports Sunday, with a potential deal that would give Elliott representation on the budget airline's board.

Elliott may get Southwest board seats under potential settlement, reports say

Elliott Investment Management and Southwest Airlines have been discussing a settlement that would give the activist significant representation on the airline's board. The discussions come just days after the activist called for a special meeting at the company.

Elliott, Southwest in early settlement talks for significant board representation, sources say

Elliott Investment Management and Southwest Airlines have begun discussing a potential settlement that would avoid a proxy fight for control of the airline's board, Bloomberg News reported on Saturday, citing people familiar with the matter.

Elliott, Southwest Airlines to begin settlement discussions, Bloomberg reports

LUV's third-quarter 2024 revenues are expected to have benefited from growth in air-travel demand. Higher interest expense is likely to have weighed on the bottom line.

What's in the Cards for Southwest Airlines in Q3 Earnings?

Southwest (LUV) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Southwest Airlines (LUV) to Report a Decline in Earnings: What to Look Out for

Valero Energy

Supply from Valero is expected to deliver the highest volume of SAF announced to date in Illinois DALLAS , Oct. 17, 2024 /PRNewswire/ -- Southwest Airlines Co.  (NYSE: LUV) today announced a sustainable aviation fuel (SAF) supply agreement with Valero Marketing and Supply Company (Valero), a subsidiary of Valero Energy Corporation (NYSE: VLO), to bring SAF to Chicago Midway International Airport (MDW) in the state's largest announced SAF supply agreement. As part of the two-year agreement, Southwest® will purchase a minimum of 3.6 million gallons of neat SAF (about 12 million gallons blended) for use in its operations as early as Q4 2024, with the option to purchase up to 25 million gallons of neat SAF (about 84 million gallons blended) over the agreement's term.

SOUTHWEST AIRLINES BRINGS SUSTAINABLE AVIATION FUEL TO CHICAGO MIDWAY INTERNATIONAL AIRPORT IN THE STATE'S LARGEST SAF SUPPLY AGREEMENT

Donation Will Aid Individuals and Families Impacted by Storm, Flooding Donation Will Aid Individuals and Families Impacted by Storm, Flooding

Virginia Credit Union, Member One Donate $25,000 to United Way to Aid Hurricane Helene Relief Efforts in Southwest Virginia

Reiterates Efforts to Reach Constructive Resolution with Elliott Outlines Actionable Steps Taken to Position Southwest for the Future Shareholders Not Required to Take Immediate Action DALLAS , Oct. 14, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) ("Southwest" or the "Company") today confirmed that Elliott Investment Management L.P. ("Elliott") requested a Special Meeting of Shareholders to consider Elliott's proposals, including to remove without cause eight members of Southwest's Board of Directors (the "Board") and elect eight Director candidates chosen by Elliott, which appears designed to result in full control of the Board by Elliott's nominees.

SOUTHWEST AIRLINES COMMENTS ON ELLIOTT MANAGEMENT'S SPECIAL MEETING REQUEST

Allegiant Travel Company

Ryanair Hlds

Upbeat passenger volumes bode well for the Zacks Transportation- Airline industry. Stocks like RYAAY, LUV and ALGT appear to be good bets currently.

Buy These 3 Airline Stocks to Capitalize on Solid Industry Trends

Elliott Investment Management on Monday called for Southwest Airlines (LUV) shareholders to elect its slate of candidates to the company's board.

Elliott Calls for December Vote to Shake Up Southwest Airlines' Board

The hedge fund said it was officially calling for a special meeting to be held in December and submitted proposals to replace eight directors and take control of the board.

Activist investor Elliott takes Southwest fight to shareholders, nominates eight directors

Southwest Airlines' stock took a turn lower Monday, after activist investor Elliott Investment Management called for a special meeting to give shareholders a chance to elect “a completely independent” board of directors.

Southwest's stock falls after activist calls special meeting to elect new board

Emergency Airlift Onboard Southwest Airlines Aircraft Makes Room for Influx of Pets (including Onboard Adoption by Southwest Pilot) Due to Catastrophic Hurricanes Emergency Airlift Onboard Southwest Airlines Aircraft Makes Room for Influx of Pets (including Onboard Adoption by Southwest Pilot) Due to Catastrophic Hurricanes

GREATER GOOD CHARITIES PARTNERS WITH SOUTHWEST AIRLINES AND LUCKY DOG ANIMAL RESCUE TO TRANSPORT HUMANITARIAN SUPPLIES TO NORTH CAROLINA AND OPERATE EMERGENCY AIRLIFT OF 145 SHELTER PETS FROM THE SOUTHEAST TO THE MIDWEST

Southwest Airlines received a request from activist Elliott Investment Management to host a special shareholder meeting, according to a report.

Southwest's Battle With Activist Investor Elliott Heats Up

CEO Bob Jordan plans big changes at the budget carrier, but activist Elliott has called for his ouster and is seeking help from shareholders.

The Ultimate Southwest Insider Tasked With Reinventing the Airline

Elliott has formally called for a special meeting at Southwest Airlines, the activist's first U.S. proxy fight since 2017. The activist investor has an 11% stake in the carrier and is seeking the ouster of CEO Bob Jordan.

Elliott asks for December special meeting at Southwest Airlines, cuts board slate to 8

Submits Proposals to Elect Eight Independent Best-in-Class Nominees and Remove Eight Current Directors Calls on Southwest to Confirm Meeting Date Promptly Without Unnecessary Delay Shareholders Should Take Action As Soon As Possible to Ensure They Are Able to Vote Their Shares WEST PALM BEACH, Fla. , Oct. 14, 2024 /PRNewswire/ -- Elliott Investment Management L.P.

Elliott Calls for Special Meeting of Shareholders in Order to Bring Urgently Needed Change to Southwest

Elliott Investment Management is taking its fight with Southwest Airlines to investors by calling for a special shareholder meeting where they can vote on new director candidates who would ultimately steer company strategy.

Elliott takes Southwest fight to shareholders, nominates eight directors

Albemarle

Intel

Earnings season will be a good time for most S&P 500 companies for the third quarter. But a few are in for a rough time.

10 S&P 500 Stocks' Profit Is About To Fall Through The Floor

Southwest (LUV) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Can Southwest (LUV) Run Higher on Rising Earnings Estimates?

American Airlines

Allstate

Delta Air Lines

Disney

Everest Group Ltd

JetBlue Airways

Progressive

United Continental Hlds

Insurance companies such as Allstate, Progressive and Everest Group, had seen stocks plummet in anticipation of Milton. Airlines have canceled flights, and Disney and Universal have shut Florida theme parks.

Hurricane Milton Hits Florida. What It Means for Airlines, Theme Park Stocks.

In partnership with the Hispanic Association of Colleges and Universities, the airline celebrates 20 years of connecting students to their families through travel DALLAS , Oct. 9, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) and the Hispanic Association of Colleges and Universities (HACU) are partnering for the 20th year to provide tickets to students through the ¡Lánzate!/Take Off! Higher Education Travel Award Program.

Southwest Airlines Awards 185 Students with Air Travel Through ¡Lánzate!/Take Off! Higher Education Travel Award Program

Home Depot

Affirm

Norwegian Cruise Line

Raymond James

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

This Home Depot Analyst Turns Bullish; Here Are Top 5 Upgrades For Wednesday

Carnival

Royal Caribbean Cruises

Comcast

Airlines canceled hundreds of flights before Hurricane Milton was expected to make landfall in Florida on Wednesday. Tampa International Airport closed Tuesday morning.

News for Southwest Airlines Stock (LUV)