Revenue segments as reported by the company.

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Freight

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Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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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

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Operating Expenses

Year over year growth in Revenue and Operating Expenses.

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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

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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) announced a settlement with Elliott Investment Management Thursday morning, ending a months-long battle with the activist investor that has been calling for significant leadership and business strategy changes at the carrier.

Southwest Reaches Deal With Activist Elliott, Adding 6 New Directors to Board

Southwest reported a relatively big revenue beat and reached an agreement with activist investor Elliott to add new board members.

Southwest Airlines beats revenue by wide margin, names new board members

Southwest Airlines (LUV) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.38 per share a year ago.

Southwest Airlines (LUV) Q3 Earnings and Revenues Beat Estimates

American Airlines

Southwest, American Airlines, UPS, and Honeywell post mixed Q3 results, with Southwest and UPS beating earnings, while Honeywell misses revenue targets.

Southwest Air Tops Q3 Estimates, American Airlines Upgrades 2024 Outlook

Reconstituted Board to Select a New Independent Chair Gregg Saretsky to Chair Refreshed Finance Committee Company Enters Into Cooperation and Information Sharing Agreements with Elliott DALLAS , Oct. 24, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) ("Southwest" or the "Company") today announced the appointments of David Cush, Sarah Feinberg, Dave Grissen, Gregg Saretsky and Patricia Watson as independent directors of the Board in connection with Cooperation and Information Sharing Agreements (the "Agreements") reached with Elliott Investment Management L.P. (together with its affiliates, "Elliott").

SOUTHWEST AIRLINES ANNOUNCES APPOINTMENT OF SIX NEW INDEPENDENT DIRECTORS

Southwest's sales and profits topped analysts' estimates and the airline forecast higher revenue to end the year. The carrier's leaders have been trying to fend off activist investor Elliott, which has called for leadership changes at the airline.

Southwest Airlines profit tops estimates, expects higher revenue in fourth quarter

DALLAS , Oct. 24, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) (the "Company") today reported its third quarter 2024 financial results: Net income of $67 million, or $0.11 per diluted share Net income, excluding special items1, of $89 million, or $0.15 per diluted share Record third quarter operating revenues of $6.9 billion Liquidity2 of $10.4 billion, well in excess of debt outstanding of $8.0 billion Announced a $250 million accelerated share repurchase program under the Company's $2.5 billion share repurchase authorization Bob Jordan, President, Chief Executive Officer, & Vice Chairman of the Board of Directors, stated, "It's an exciting time for us as we execute on our 'Southwest. Even Better.

SOUTHWEST AIRLINES REPORTS THIRD QUARTER 2024 RESULTS

Southwest Airlines and its activist investor Elliott Investment Management ended a bitter months-long boardroom battle on Thursday in a deal that allows CEO Bob Jordan to retain his job by making bigger board-level concessions.

Southwest Airlines settles boardroom feud with activist investor Elliott

Elliott Investment Management and Southwest Airlines are close to reaching a settlement agreement that would avert a proxy battle over control of the airline's board, Bloomberg News reported on Wednesday, citing people familiar with the matter.

Elliott, Southwest Airlines near deal to avert board battle, Bloomberg News reports

Southwest and Elliott near settlement which would end proxy fight, source says

The battle between the Dallas-based carrier and Elliott Investment Management is heating up.

Southwest Earnings Are Next Up. Watch Out for Updates on Its Activist Investor.

DALLAS , Oct. 23, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) invites you to listen to a live webcast of its second quarter 2024 financial results. Details are as follows: When: Thursday, October 24, 2024 at 12:30 PM Eastern Time Who: Bob Jordan, President and Chief Executive Officer Andrew Watterson, Chief Operating 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 Third Quarter 2024 Financial Results on October 24, 2024

Shares of Southwest Airlines Co (NYSE:LUV) are 0.4% lower at $30.31, as the airline giant prepares to report third-quarter results before the open on Thursday, Oct. 24.

What to Expect from Southwest Airlines' Earnings

Norfolk Southern

Union Pacific

Investors interested in Transportation stocks can watch out for third-quarter 2024 earnings reports of LUV, AAL, UNP and NSC.

Can These 4 Transportation Stocks Hit Q3 Earnings Targets?

Southwest Airlines Co. (LUV) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, LUV's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross.

Southwest Airlines (LUV) Now Trades Above Golden Cross: Time to Buy?

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.

News for Southwest Airlines Stock (LUV)