Revenue segments as reported by the company.

Passenger

Freight

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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.

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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

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Non-current assets

Net PPE

Intangibles

Total liabilities

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Stockholders equity

Minority interest

Total liabilities & equity

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Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

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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.

More than 1,750 Southwest Airlines flights have been delayed Tuesday morning, though company officials say those flights are expected to take off as soon as possible.

Southwest Airlines Briefly Grounds 1,750 Flights Over Glitch—Just Months After Holiday Meltdown

Southwest Airlines is resuming operations after the airline briefly paused flights due to a “technical issue” earlier this morning, according to the Federal Aviation Administration. Although operations have resumed, there may be flight delays as a result of the pause.

Southwest Airlines resumes operations after briefly halting flights due to ‘technical issue'

Southwest Airlines Co.'s stock LUV, -2.12% was down 2% midmorning Tuesday, after the Federal Aviation Administration said the carrier has paused departures of its flights across the U.s. “Southwest Airlines requested the FAA pause the airline's departures,” the agency said in a statement.

Southwest stock slides as airline pauses departures on flights across the U.S.

Southwest Airlines shares fall after the FAA says on its Twitter page the airline requested the pause.

Southwest Airlines Requests Pause on Departures, FAA Says. Stock Falls.

Southwest Airlines says that it has grounded flights nationwide due to “technical errors” as angry passengers blasted the company for delays on Tuesday — a repeat of the disastrous meltdown suffered by the carrier during the Christmas holiday.

Southwest Airlines grounds all flights due to ‘technical errors'

Southwest paused departing flights after reporting technical problems.

Southwest Airlines pauses departures after reporting technical problems

DALLAS, April 14, 2023 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) today celebrated 25 years of its bridge-building Adopt-A-Pilot® Program by unveiling an aircraft adorned with a nose decal and fuselage artwork dedicated to nearly 14,000 Pilots and half-million students that participated in the award-winning Program. In a quarter century, Adopt-A-Pilot has impacted the lives of more than 556,000 fifth-grade students in classrooms across the country. The aircraft, unveiled at a celebration at the Southwest Airlines® Maintenance Hangar in Dallas, brought together fifth-grade students enrolled at a local elementary school who have "adopted" a Pilot, along with current and past participants of the Adopt-A-Pilot Program.

SOUTHWEST AIRLINES CELEBRATES 25 YEARS OF MENTORING BETWEEN PILOTS AND STUDENTS THROUGH ITS SIGNATURE ADOPT-A-PILOT PROGRAM

American Airlines

Boeing

Spirit AeroSystems Hlds

Southwest and American are among the airlines expecting new Max aircraft this year.

Boeing's 737 Max problem is the latest headache for airlines hungry for new planes

Delta Air Lines

JetBlue Airways

US Global Jets ETF

United Continental Hlds

Major U.S. airlines are scheduled to report first-quarter earnings in the coming days, with investors hoping for good news about peak summer travel amid a recent slowdown in bookings.

As bookings slow, airline earnings will be all about hopes for peak summer travel

Solid air-travel demand as well as impressive liquidity boost Southwest Airlines (LUV). However, rising fuel cost is worrisome.

Here's Why You Should Retain Southwest Airlines (LUV) Now

Southwest had to apologize to tens of thousands of customers stranded at airports nationwide due to a systemwide meltdown during Christmas season.

Southwest CEO's pay doubled to $5.3M — despite holiday travel meltdown

Robert Jordan's total compensation in 2022 was $5.3 million, compared with his total $3 million pay in 2021.

Here's Why Southwest's CEO Saw His Pay Rise Even After Holiday Meltdown

DALLAS — Southwest Airlines CEO Robert Jordan's compensation nearly doubled last year to $5.3 million after being promoted to the top job during a year that ended with massive flight cancellations that will cost Southwest more than $1 billion.

Southwest CEO's compensation nearly doubled in 2022 despite December debacle

Southwest Airlines Co. LUV on Thursday said that two longtime board members, John Denison and Nancy Loeffler, would not stand for re-election to the air carrier's board. The company said that Eduardo Conrado, president of non-profit health system Ascension, and Elaine Mendoza, founder and chief executive of health-related software and medical analytics company Conceptual MindWorks, were being considered to succeed them, and will be on the ballot at Southwest's 2023 annual shareholders meeting.

Two longtime Southwest board members won't seek re-election

DALLAS, April 6, 2023 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) announced today that its Board of Directors has named Eduardo Conrado and Elaine Mendoza as candidates to join the Board. Both Conrado and Mendoza, along with the other Board nominees, will be on the ballot at the 2023 Annual Shareholders Meeting. Conrado and Mendoza are being considered to succeed current Board members John Denison and Nancy Loeffler who have announced they will not stand for re-election to the Board.

EDUARDO CONRADO AND ELAINE MENDOZA NOMINATED TO JOIN SOUTHWEST AIRLINES' BOARD OF DIRECTORS

Bob Jordan, who took over as CEO of Southwest Airlines in February 2022, just 10 months before the airline's epic holiday travel service meltdown, got a 75% pay hike last year.

Southwest Airlines' CEO got 75% pay hike ahead of service meltdown

IQVIA Hlds

Merck

Newell Brands

ON Semiconductor

Walgreens

Subscribers to  Chart of the Week  received this commentary on Sunday, April 2.

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Airlines are turning to bigger planes that fit more travelers to handle strong demand.

Airlines' answer for congested airports and rising costs: Bigger planes

Southwest Airlines has released an action plan to prevent a new operational meltdown. Southwest Airlines stock has underperformed, but Wall Street sees significant upside.

Southwest Airlines: No LUV For The CEO, Why He Needs To Go

U.S. airlines relied on loyalty programs for revenue during the pandemic, and industry executives and experts said income from them should hold up if the economy slips into a recession.

U.S. airline loyalty programs can provide buffer from possible recession

Rapid Rewards Members who register, book, and fly can earn a promotional Companion Pass for travel between August and September 2023 DALLAS , April 3, 2023 /PRNewswire/ -- Southwest Airlines Co.  (NYSE: LUV) today announced the return of its coveted promotional Companion Pass® offer. Rapid Rewards® Members who qualify can designate their Companion and travel with their Companion Pass, valid for unlimited usage from Aug. 15 through Sept.

THREE DAYS ONLY: SOUTHWEST AIRLINES LAUNCHES LIMITED-TIME PROMOTIONAL COMPANION PASS OFFER

Bank of America

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CVS Health

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Nordstrom

Lowe's

Morgan Stanley

Pfizer

Charles Schwab

Unilever

Fortune Magazine February/March 2023 Issue listed 50 World's Most Admired (WMA) companies based on a poll of "some 3,760 corporate executives, directors, and securities analysts." Acclaim from the wider business community, plus standing among rivals, both factored into the ranks. For the sixteenth year in a row, Apple topped all.

5 Ideal Dividend Dogs From 45 Fortune 2023 World's Most Admired Companies + 5 To Watch

Southwest Airlines has unveiled an "action plan" to prevent another operational meltdown like the one from last December that left 16,700 flights canceled and 2 million passengers stranded over the busy holiday travel season.

Southwest releases an 'action plan' to prevent another operational nightmare

Carrier recognized for Companywide efforts to support women in the workplace DALLAS , March 31, 2023 /PRNewswire/ -- Southwest Airlines Co.  (NYSE: LUV) celebrates earning a spot on Newsweek America's Greatest Workplaces for Women 2023. The Dallas-based carrier received recognition for providing a strong and inspiring workplace for women.

Southwest Airlines named one of America's Greatest Workplaces for Women 2023 by Newsweek

Investors have assigned a higher multiple to LUV stock due to its superior profitability and better financial position, as discussed below If we look at stock returns, United Airlines, with -7% returns in the last twelve months, has fared better than Southwest Airlines, down 32%, and the broader

News for Southwest Airlines Stock (LUV)