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 Q4 2022

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.

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.

Activist Elliott Management has a $1.9 billion stake in Southwest Airlines and plans to push for leadership changes at the struggling company. The stake makes Elliott one of Southwest's largest shareholders.

Elliott takes $1.9 billion stake in Southwest Airlines, seeks to oust CEO and chair

Discloses Approximately $1.9 Billion Position Calls for Upgraded Leadership and Comprehensive Business Review Believes Southwest Stock Can Achieve $49 per Share, a 77% Return Full Letter and Presentation Available at StrongerSouthwest.com WEST PALM BEACH, Fla. , June 10, 2024 /PRNewswire/ -- Elliott Investment Management L.P.

Elliott Sends Letter and Presentation to the Board of Southwest Airlines

Southwest Airlines stock soared Monday on reports that an activist investor has built a $2 billion stake to turn around the airline.

Southwest Airlines Stock Jumps; Activist Investor Plots Turnaround With $2 Billion Stake

Elliott Investment Management called for leadership and board changes at Southwest Airlines after reporting a stake worth about $1.9 billion in the U.S. carrier, saying the company needs fresh perspectives to compete in the modern airline industry.

Activist investor Elliott calls for Southwest Airlines leadership, board changes

Elliott Investment Management has built a stake worth nearly $2 billion in Southwest, making it one of the airline's largest shareholders, the Wall Street Journal reported,

Southwest Airlines Gets an Activist. Why Elliott Can Only Help Fix Half Its Problems.

Southwest Airlines Co (NYSE:LUV) shares flew higher premarket on Monday, fueled by news that activist investor Elliott Investment has built a stake.  Known for agitating for management to make changes in companies on both sides of the Atlantic, the activist investor is reported by the Wall Street Journal to be intent on its standard playbook for the Dallas, Texas group.

Southwest Airlines shares lifted as activist Elliott builds large stake

Elliott Investment Management has built a stake of nearly $2 billion in Southwest Airlines LUV -0.36%decrease; red down pointing triangle and plans to push for changes aimed at reversing the airline's underperformance.

Elliott Takes Big Stake in Southwest Airlines

A U.S. appeals court on Friday said a Texas federal judge likely lacked the power to order lawyers at Southwest Airlines to undergo "religious liberty training" after a flight attendant won a discrimination lawsuit, and kept his decision on hold.

Southwest wins pause on 'religious liberty' order in worker's bias case

Marriott

TripAdvisor

Thinking about travel stocks to sell may seem counterintuitive, with the summer season expected to heat things up for the travel industry. Despite the macroeconomic headwinds, analysts expect robust demand in the upcoming months.

3 Sorry Travel Stocks to Sell Now While You Still Can: Summer Edition

DALLAS , June 7, 2024 /PRNewswire/ --  Southwest Airlines Co.  (NYSE: LUV) announced its ranking as the top airline on  Forbes America's Best Employers for Veterans List, which recognizes employers who create workplaces where former and current military members can thrive. "We're proud to receive this honor as we strive to foster a workplace that our veterans, service members, and their families treasure every day," said Lindsey Lang , Vice President People at Southwest Airlines.

SOUTHWEST AIRLINES RANKED TOP AIRLINE ON FORBES AMERICA'S BEST EMPLOYERS FOR VETERANS LIST

Carrier named the Leader in Economy Class Customer Satisfaction for third year in a row DALLAS , June 6, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) has been recognized for its unwavering commitment to Customers by receiving top honors and the leading Economy Class Customer Satisfaction distinction in the J.D. Power 2024 North America Airline Satisfaction Study 1 for a third consecutive year.

SOUTHWEST AIRLINES RANKS FIRST IN CUSTOMER SATISFACTION AMONG ECONOMY CLASS PASSENGERS BY J.D. POWER

American Airlines

Delta Air Lines

JetBlue Airways

United Continental Hlds

The International Air Transport Association raised its profit forecast for the airline industry in 2024 and predicts a revenue of $996 billion — a record high and a 9.7% jump on the previous year. Total expenses for global airlines are also projected to reach a record high, keeping returns on invested capital lower than the cost of capital.

Airlines headed for record revenue in 2024 as travel soars, but profit margins remain thin

CVS Health

Dollar General

Estee Lauder

Five Below

Newell Brands

PayPal

The current market rally has been very disproportionate and has been dominated by Big Tech. Many top technology companies with the largest market capitalizations have made significant rebounds since mid-2022.

7 Deeply Discounted Stocks With 100%+ Upside Potential

Today's market seems to want nothing to do with stocks not involved with artificial intelligence, so anything outside the technology sector has been dismissed. However, where investors can make market-beating returns is where nobody else is willing to look, which happens to be in the airline industry today.

Travel Surge Boosts Delta, United, and Southwest Stocks

American cut its second-quarter guidance and announced the departure of its chief commercial officer. The news hit all airline stocks, but Southwest is particularly vulnerable right now.

Why American Airlines and Southwest Are Flying Lower Today

Friday was the busiest day in U.S. aviation history as the summer travel season began in earnest. But the sector's stocks were falling Wednesday after American Airlines slashed its outlook.

Airline Stocks Fall as American Cuts Guidance. Why It's an Overreaction.

Southwest Airlines stock (NYSE: LUV) currently trades at $27 per share, more than 55% below its level in April 2021, and it can see higher levels over time. Southwest Airlines Southwest Airlines saw its stock trading at around $36 in early June 2022, just before the Fed started increasing rates, and is now 26% below that level, compared to 40% gains for the S&P 500 during this period.

How Does The Current Performance Of Southwest Airlines Stock Compare With The 2008 Recession?

Boeing

Starbucks

One of many ways legendary investor Warren Buffett has achieved great wealth is buying blue chip stocks when they are beaten down for the portfolio of Berkshire Hathaway (NYSE: BRK-A , BRK-B ), the conglomerate he founded and heads. Buffett likes to invest in industry leaders in sectors he understands.

3 Battered Stocks That Even Warren Buffett Could Be Eyeing

US Global Jets ETF

Thursday was the second busiest day in U.S. aviation history as 2.9 million passengers were screened at airports across the country.

Air Travel Demand Is Booming. Why Airline Stocks Are Grounded.

With a limited-time offer, Rapid Rewards Members get in on the HI 5 celebration commemorating five years of Southwest service in Hawaii DALLAS , May 22, 2024 /PRNewswire/ -- Southwest Airlines Co.  (NYSE: LUV) today announced a Companion Pass® promotion available to Southwest Rapid Rewards® Members who book one round trip or two one-way flights in June or July 2024 between the mainland U.S. and the Aloha State. Rapid Rewards® Members who enroll in the limited-time promotion before May 24, 2024, and purchase eligible travel this summer, will score a coveted promotional Companion Pass 1.

BRING YOUR PLUS ONE EVERY TIME: FLY SOUTHWEST AIRLINES ROUND TRIP TO OR FROM HAWAII THIS SUMMER AND EARN A COVETED PROMOTIONAL COMPANION PASS FOR FALL TRAVEL

New Route Would Provide Low-Fare Competition and West Coast Connectivity with the Nation's Capital DALLAS , May 20, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) will apply to the U.S. Department of Transportation (DOT) for new, daily nonstop service between Ronald Reagan Washington National Airport (DCA) and Harry Reid International Airport in Las Vegas (LAS). The carrier is seeking one of five new round-trip flights made available at DCA through the FAA Reauthorization Act of 2024.

SOUTHWEST AIRLINES TO SEEK DOT APPROVAL FOR DAILY NONSTOP SERVICE BETWEEN WASHINGTON NATIONAL AIRPORT AND LAS VEGAS

Allegiant Travel Company

Spirit Airlines

U.S. airlines are looking at fairly blue skies this summer, with legacy air carriers likely to fare better than low-cost airlines as they may catch tailwinds from the Paris Summer Olympics and the stronger demand for international travel.

U.S. travelers are hungry for international travel. These stocks will likely benefit.

ArcBest

J.B. Hunt Transport Services

Transportation stocks have been under duress of late. The Dow Jones Transportation Index is up 5% in the past six months, lagging the S&P 500's 18% gain.

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

In recent years, Southwest Airlines Co. (NYSE:LUV) has weathered its fair share of challenges. From operational hurdles to strategic decisions, the company has navigated through turbulent times.

Southwest Airlines stock shows signs of recovery

DALLAS , May 15, 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 June 19, 2024, on all shares then issued and outstanding. The quarterly dividend will be paid on July 10, 2024.

News for Southwest Airlines Stock (LUV)