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

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Earnings data Q1 2024

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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.

American Airlines

Delta Air Lines

United Continental Hlds

Airline disruptions piled up over the last week, but their stocks are soaring as travelers return.

Airlines struggled ahead of July Fourth weekend. Their stocks didn't

Allegiant Travel Company

Alaska Air Group

Hawaiian Hlds

JetBlue Airways

US Global Jets ETF

Spirit Airlines

Sun Country Airlines

Frontier Group Holdings

The US airline industry is expected to regain pre-pandemic profitability due to lower oil prices and higher utilization rates. Airlines trade at a historically cheap multiple of revenue to enterprise value. Growing demand and rationalized competition should lead to better returns on capital in the future.

U.S. Airlines Are Too Cheap, Why This Rebound Looks Real

Backed by buoyant air-travel demand, Delta Air Lines (DAL), American Airlines (AAL) and Southwest Airlines (LUV) have recently updated their second-quarter 2023 guidance.

Airlines' Bullish Q2 Outlook Implies More Upside Potential

Friday was the busiest ever air travel day in the U.S., with the Transportation Security Administration screening more than 2.88 million passengers.

Flight Delays Mar Record Holiday Air Travel. Why Airline Stocks Are Alright.

Shares of air carriers fell to start July, after seeing big gains in June, even after data showing that there were more fliers to start the July 4 weekend than in any day in pre-pandemic 2019. Data from Transportation Security Administration showed that 2,884,683 people went through TSA checkpoints on June 30, which topped the highest one-day total in 2019 of 2,882,915 on Nov. 27.

Airline stocks pull back after big rallies in June, after TSA data showing more travelers on June 30 than any day in 2019

U.S. airline stocks on Friday were set to record their strongest monthly performance since 2021, helped by easing fuel prices and signs of robust travel demand during the summer season.

Airline stocks set for best month in two years on summer rush, lower fuel prices

Southwest's pilots' union is seeking to be released from federal mediation, a step toward a potential strike.

Southwest pilots' union lays groundwork for potential strike with labor talks at an impasse

DALLAS , June 29, 2023 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) extended its flight schedule today through March 6, 2024, enabling Customers to book their early 2024 getaways. Southwest® also announced today it is adding new seasonal nonstop service.

SOUTHWEST AIRLINES EXTENDS FLIGHT SCHEDULE THROUGH MARCH 6, 2024, AND ADDS NEW SEASONAL SERVICE

Hundreds of thousands of summer travelers suffered through another day of delayed and canceled flights Wednesday, a troubling glimpse into what could happen over the long July 4 holiday weekend as airlines struggle to keep up with surging numbers of passengers.

Travelers suffer through another day of cancellations. It may get worse as July 4 approaches.

SkyWest

Delta Air Lines (DAL), Alaska Air (ALK), Southwest (LUV) and SkyWest (SKYW) reward shareholders by renewing their dividend payouts or share buybacks, after lifting of COVID-19 restrictions.

Are Airline Stocks Becoming More Shareholder Friendly?

Southwest Airlines has shown resilience and adaptability in the post-pandemic era, with revenues nearing pre-pandemic levels and a focus on operational efficiency. Despite strong performance, Southwest's stock has depreciated almost 50% since early 2021 due to rising interest rates and debt accrued during the pandemic. The company remains a top pick for long-term investors due to its robust balance sheet, extensive network coverage, and ability to weather potential economic headwinds.

Southwest Airlines: Remains A Top Pick On Resilience And Adaptability

DALLAS — Personal information for more than 8,000 applicants to become pilots at American Airlines and Southwest Airlines was stolen when hackers broke into a data base maintained by a recruiting company.

Hackers steal personal data from thousands of American, Southwest pilot applicants

The implementation of the provisional deal inked by Southwest (LUV) and mechanics' labor union is subject to a favorable voting outcome.

Southwest (LUV) & AMFA Ink Tentative Agreement for Mechanics

Southwest Airlines said it has reached a tentative agreement with a union representing the airline's over 2,800 mechanics and related employees.

Southwest Airlines reaches tentative agreement with mechanics' union

Southwest Airlines said on Friday it had reached a tentative agreement with the union representing the company's mechanics and related employees.

Southwest Airlines reaches tentative agreement with mechanics union

China Yuchai International Limited

Mondi PLC

Recently, my articles have largely spotlighted stocks promising both growth and value. It's my conviction that these types of stocks are poised for impressive gains.

3 Cheap Stocks Set to Double in the Next Bear Market

Southwest Airlines Co. LUV, -0.20% said Friday that it has reached a “tentative agreement” with the union representing its mechanics and related employees. The air carrier's agreement with the Aircraft Mechanics Fraternal Association (AMFA) covers more than 2,800 employees, including aircraft maintenance technician, aircraft inspectors, maintenance controllers and training instructors.

Southwest Airlines reaches ‘tentative' labor agreement with its mechanics

DALLAS , June 23, 2023 /PRNewswire/ --  Southwest Airlines Co.  (NYSE: LUV) and the Aircraft Mechanics Fraternal Association (AMFA) have reached a Tentative Agreement (TA) for the airline's Mechanics & Related Employees. "Our Mechanics & Related Employees work around the clock to safely maintain our aircraft, and we reached a Tentative Agreement that rewards them and helps Southwest maintain an efficient operation," said Adam Carlisle , Vice President Labor Relations at Southwest Airlines®.

TENTATIVE AGREEMENT REACHED FOR SOUTHWEST AIRLINES' MECHANICS & RELATED EMPLOYEES

DALLAS , June 22, 2023 /PRNewswire/ --  Southwest Airlines Co. (NYSE: LUV) today announced recent Leadership updates across the Company. Several of these changes are a continuation of the organizational structure work that began in September 2022  and has continued into 2023.

Southwest Airlines Announces Leadership Updates

Airline stocks to check out in the stock market this week.

2 Airline Stocks To Watch In Mid-June 2023

Wanna Get Away Day Sweepstakes offers up to 20 million Rapid Rewards bonus points, round trip air travel, and promotional Companion Passes; Airline launches three-day sale for travel from August through December 2023. DALLAS , June 13, 2023 /PRNewswire/ --  Southwest Airlines Co.  (NYSE: LUV) (the "Company") is celebrating its 52nd birthday with Wanna Get Away Day and by offering a variety of deals, including daily sweepstakes leading up to the carrier's official birthday on June 18.

SOUTHWEST AIRLINES CELEBRATES ITS BIRTHDAY WEEK WITH 40% OFF BASE FARES AND A WEEK-LONG SWEEPSTAKES

Southwest Airlines' stock price has dropped significantly due to concerns about a pilot strike and other worries, but the company's troubles may already be priced in, offering a decent margin of safety for investors. The airline has a strong history of revenue growth, financial discipline, and cash generation and is expected to return to increasing dividends and buybacks once debt levels become more manageable. However, there is still a risk of a pilot strike this summer, which could impact the company's short-term revenue and profit estimates, and institutional ownership of the stock has dropped significantly in the last year.

Southwest Airlines: Time To Show Some Love For LUV

DALLAS , June 8, 2023 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) today extended its flight schedule into early next year, allowing Customers to begin booking their travel for the 2023 holiday season. "Our Summer operational performance is off to a strong start with Customers taking much-needed vacations and important business trips," said Andrew Watterson , Chief Operating Officer at Southwest Airlines®.

SOUTHWEST AIRLINES EXTENDS FLIGHT SCHEDULE THROUGH JANUARY 7, 2024

Southwest Airlines Co. (NYSE:LUV ) Bernstein's 39th Annual Strategic Decisions Conference 2023 June 1, 2023 1:30 PM ET Company Participants Bob Jordan - President and CEO Conference Call Participants David Vernon - Bernstein David Vernon Thank you, everyone, and good afternoon for our next session here at Bernstein's 39th Annual Strategic Decisions Conference. My name is David Vernon.

Southwest Airlines Co. (LUV) Bernstein's 39th Annual Strategic Decisions Conference 2023 (Transcript)

Shares of Southwest Airlines Co. LUV edged up 0.4% toward a 4-week high in premarket trading Thursday, after the air carrier updated its second-quarter estimates in the wake of “strong” travel demand during the Memorial Day weekend. The company's estimate for the year-over-year change in revenue per available seat miles (ASM) improved to a decline of 8% to 10% from a decline of 8% to 11%.

News for Southwest Airlines Stock (LUV)