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.

Rapid Rewards Members who register, book, and fly can earn a limited-time, promotional Companion Pass for travel between January 8 and March 8, 2024 DALLAS , Aug. 28, 2023 /PRNewswire/ --  Southwest Airlines Co.  (NYSE: LUV) today launches a special promotional Companion Pass® offer for Rapid Rewards® Members ready to take flight with a family member, friend, or loved one. Qualifying Customers can designate their Companion and travel with the Companion Pass which is valid for unlimited usage from January 8 through March 8, 2024.1 To qualify, Rapid Rewards Members must: Register for the promotion and purchase a Southwest® revenue flight (one round trip or two one-ways), starting today through August 30, 2023; Travel by September 30, 2023; and Designate a Companion to fly for free (does not include taxes and fees from $5.60 one-way) with them from January 8 through March 8, 2024.

SOUTHWEST AIRLINES LAUNCHES LIMITED-TIME COMPANION PASS OFFER

AMC Entertainment

Coinbase

Disney

Lowe's

Palantir Technologies

Target

This is a somewhat perilous time to be long U.S. stocks. While the economy is rapidly growing and inflation is dropping, the market seems to be on the verge of a meaningful correction.

7 Stocks to Sell in August Before They Crash and Burn

Southwest Airlines and the union covering more than 17,000 of its employees reached a tentative agreement on wages, job protections, and benefits for more. But the airline's pilots union still may strike.

Southwest Airlines Reaches Tentative Agreement With Transport Workers Union

Southwest Airlines (LUV) and TWU 555 ink a tentative deal for the airline's ramp, operations, provisioning and cargo agents.

Southwest Airlines (LUV) & TWU 555 Ink Tentative Agreement

American Airlines

Alaska Air Group

Allstate

Delta Air Lines

United Continental Hlds

You don't have to pay a fortune for S&P 500 stocks with rising profit. If you look, you'll find value-priced stocks in growth mode, too.

Six Cheap Stocks' Profit Is Poised To Boom 50% Or More

DALLAS , Aug. 15, 2023 /PRNewswire/ --  Southwest Airlines Co.  (NYSE: LUV) and the Transport Workers Union Local 555 (TWU 555) today announced they reached a Tentative Agreement for the airline's Ramp, Operations, Provisioning, and Cargo Agents. "Our hardworking Ramp, Operations, Provisioning, and Cargo Agents serve a valuable role in helping Southwest Airlines by providing a great experience for our Customers," said Adam Carlisle , Vice President Labor Relations at Southwest Airlines®.

SOUTHWEST AIRLINES AND TRANSPORT WORKERS UNION LOCAL 555 (TWU 555) REACH A TENTATIVE AGREEMENT

Apple

Eli Lilly

Stock markets are enduring turmoil this August. Since the beginning of the month, the benchmark S&P 500 index has declined 2%.

3 Growth Stocks to Sell in August Before They Crash and Burn

Allegiant Travel Company

Hawaiian Hlds

As we soar into the year's second half, the seemingly sunny skies for airline stocks appear cloudier. The hot streak in the first half will likely tempt investors to buckle in for a profitable journey.

3 Airline Stocks to Sell in August Before They Crash and Burn

Southwest Airlines Co. is known for its customer-friendly policies, such as free checked bags and friendly employees. However, there are drawbacks to flying with Southwest, including the cattle-call boarding process and outdated technology. Southwest's financial situation has been impacted by the pandemic, with a decrease in net income and a suspension of dividends.

Not Loving Southwest As An Income Investor

The ruling comes after Southwest Airlines allegedly fired a woman for criticizing union members' decisions to participate in a 2017 Women's March sponsored by Planned Parenthood.

Judge Orders Southwest Airlines Attorneys To Take Conservative Christian Group's Religious Training

It's been a turbulent earnings season for U.S. airlines and it's led to a reassessment of the sector's fortunes, particularly when it comes to domestic carriers.

Southwest and American Get Downgraded. The Airline Sector Is Hitting Turbulence.

Flight schedule extended through April 8, 2024 Nonstop international service added on Saturdays between Baltimore and Belize; and between St. Louis and Cabo San Lucas/Los Cabos, Mexico New route links Austin and San Juan, Puerto Rico DALLAS , Aug. 3, 2023 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) is encouraging Customers to book spring break vacations beginning today with the extension of its flight schedule through April 8, 2024. To address seasonal travel patterns and demand, the airline brings more nonstop options for Southwest® Customers, including those traveling on peak days when new time-saving nonstop service complements a schedule of daily connecting or same-plane service.

SPRING BREAKING NEWS: SOUTHWEST AIRLINES TO OFFER MORE SEASONAL NONSTOP SERVICE FOR SPRING BREAK TRAVEL

It's been a tough earnings season for U.S. airlines, and low-cost, domestically-focused carriers in particular. It's not getting any better.

Southwest Gets a Downgrade, Spirit Earnings Miss. It's Tough for Airlines Right Now.

JetBlue Airways

Marriott

Frontier Group Holdings

The shift overseas is driving up international airfares and room rates, while domestic growth lags.

Americans are going abroad in droves — at the expense of domestic travel

DALLAS , Aug. 2, 2023 /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 September 6, 2023, on all shares then issued and outstanding. The quarterly dividend will be paid on September 27, 2023.

SOUTHWEST AIRLINES DECLARES 178th QUARTERLY DIVIDEND

The U.S. Transportation Department (USDOT) on Wednesday said its comprehensive investigation into Southwest Airlines' December meltdown is ongoing.

US says probe into Southwest Airlines December meltdown ongoing

DALLAS--(BUSINESS WIRE)--ShiftKey, a leading technology company transforming the future of work, today announced four new board members: Luis Borgen, former chief financial officer, athenahealth; James Everingham, co-founder and senior vice president of engineering, Lightspark; Bob Jordan, president & CEO, Southwest Airlines; and William “Bill” Sanger, managing partner, Sanger Holdings. Founded in 2016, ShiftKey's platform is driving ‘empowered work' for independent licensed professionals a.

Technology Innovator ShiftKey Taps New Board Members, Including Southwest Airlines President & CEO

Carrier offers promotion for August & September 2023 travel; saves Customers 50% off base fares for early 2024 travel DALLAS , Aug. 1, 2023 /PRNewswire/ -- Today, Southwest Airlines Co.  (NYSE: LUV) launched a buy one, get one 50% off base fares promotional offer. This exciting offer is valid for only a short time—now through Aug. 3, 2023, and Customers can book their upcoming August and September travel and even save on a future trip to kick off 2024.1 "We're so grateful for the loyalty our Customers share with Southwest every day and we know they're ready to make some travel plans in 2024," said Jonathan Clarkson , Vice President of Marketing at Southwest Airlines.

FOR THE FIRST TIME EVER, SOUTHWEST AIRLINES LAUNCHES A BUY ONE, GET ONE 50% OFF BASE FARES PROMOTIONAL OFFER FOR UPCOMING TRAVEL

Deutsche Bank just moved to the sidelines in Southwest Airlines Co (NYSE: LUV) as it's still struggling to push its revenue back to the pre-pandemic level. Southwest had a relatively weak second quarter The air carrier came roughly in line with FactSet consensus in its second financial quarter.

Analysts are starting to lose conviction in Southwest Airlines

Southwest Airlines stock plummeted 16% between July 11 and July 27. Demand is softening compared to 2022, while unit costs remain far above pre-pandemic levels.

Southwest Airlines Stock Plunges 16% in 16 Days

Boeing

Southwest Airlines has exercised options for the delivery of 30 Boeing 737 MAX 7 planes next year, and converted 24 existing MAX 7 orders to MAX 8, the company said in an SEC filing on Friday.

Southwest Airlines converts some Boeing 737 MAX 7 orders to MAX 8 amid delays

Southwest Airlines Co.'s LUV, +0.78% move to change its flight schedule to reflect post-pandemic changes in air travel is “right,” but the benefits won't be felt for another six months or so, Raymond James analyst Savathi Syth said in a note Friday. Syth downgraded her rating on Southwest's stock to “outperform,” from “strong buy.

Southwest's schedule changes will take a while to benefit airline, Raymond James analyst says in stock rating downgrade

Shares of Southwest Airlines NYSE: LUV are traded lower by as much as 9.0% during Thursday's trading session, a reaction that seems an exaggeration following the company's second quarter 2023 earnings results. Southwest stock has been enjoying some newfound momentum and sentiment, especially after making it to the 'popular' list.

Is It Time To Start Buying Southwest Airlines' Post-Earnings Dip?

DALLAS, July 27, 2023 /PRNewswire/ -- Southwest Airlines Co.  (NYSE: LUV) announced today that its Mechanics and Related Employees, represented by the Aircraft Mechanics Fraternal Association (AMFA), voted in favor of a new collective bargaining agreement. It is the seventh contract ratified by Southwest Airlines® and its union partners since October 2022.

SOUTHWEST AIRLINES MECHANICS & RELATED EMPLOYEES APPROVE NEW COLLECTIVE BARGAINING AGREEMENT

Southwest Airlines Co. (NYSE:LUV ) Q2 2023 Results Conference Call July 27, 2023 12:30 PM ET Company Participants Julia Landrum - VP, IR Bob Jordan - President and CEO Tammy Romo - EVP and CFO Ryan Green - EVP and Chief Commercial Officer Andrew Watterson - COO Linda Rutherford - Chief Administration and Communications Officer Conference Call Participants Scott Group - Wolfe Research Savi Syth - Raymond James Duane Pfennigwerth - Evercore ISI Jamie Baker - JP Morgan Conor Cunningham - Melius Research Sheila Kahyaoglu - Jefferies Alexandra Skores - Dallas Morning News Mary Schlangenstein - Bloomberg News Dawn Gilbertson - The Wall Street Journal Leslie Josephs - CNBC Alison Sider - The Wall Street Journal David Slotnick - TPG Operator Good morning, and welcome to the Southwest Airlines Second Quarter 2023 Conference Call. My name is Anthony, I will be moderating today's call.

News for Southwest Airlines Stock (LUV)