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

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.

Activist investor Elliott Investment Management on Tuesday escalated its boardroom battle with Southwest Airlines , saying it plans to call a special shareholder meeting as soon as next week to overhaul the airline's leadership.

Elliott to call special Southwest shareholder meeting for leadership overhaul

Activist investor Elliott Management said Tuesday it will call a special meeting at Southwest Airlines "as soon as next week." Southwest's shareholder meeting is typically scheduled for May, but by calling for a special meeting Elliott would be looking to elect new directors much sooner than that.

Elliott to call for Southwest special meeting 'as soon as next week'

Elliott Sends Second Open Letter to Its Fellow Shareholders Declares Intent to Call a Special Meeting in Coming Weeks, Given Urgent Need for Leadership Change Southwest's Use of "False Record Dates" Requires Shareholders Take Action Now to Protect Their Investment WEST PALM BEACH, Fla. , Sept. 24, 2024 /PRNewswire/ -- Elliott Investment Management L.P.

Elliott to Southwest Shareholders: Prepare For Special Meeting by Calling Back Your Shares Today

Southwest Airlines is bracing for significant operational changes as it responds to mounting pressure from activist investor Elliott Management. In a recent communication, the airline warned its workforce of “difficult decisions” ahead, emphasizing the need to enhance profitability in an increasingly competitive landscape.

Southwest Airlines warns of ‘difficult decisions' to boost profitability amid competition

Southwest Airlines' chief operating officer has told staff there are “difficult decisions” ahead, as the troubled airline seeks to move back to profitability under pressure from activist investor Elliott Investment Management.

Southwest Airlines has ‘difficult decisions' ahead as it works to boost profit, COO says in video message

Southwest Airlines' COO told staff that the company will have to make "difficult decisions" to boost the carrier's profits. The airline has already said it will switch to assigned seating, start red-eye flights and sell seats with extra legroom.

Southwest Airlines tells staff 'difficult decisions' ahead in push to boost profits

Southwest Airlines has warned employees that it will soon make tough decisions as part of a strategy to restore profits and counter demands from activist investor Elliott Investment Management, Bloomberg News reported on Saturday.

Southwest Airlines warns staff of 'tough decisions' ahead, Bloomberg reports

Southwest Airlines (NYSE: LUV) has lost 10% in value since early January 2023 - falling from levels of around $32 then to under $29 now - underperforming the S&P 500 by more than 50% over this period. This can primarily be attributed to a 21% decline in the stock's P/S ratio from 0.8x revenues in 2022 to 0.6x revenues now.

Why Southwest's Stock Underperformed By 50%

DALLAS , Sept. 19, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) invites you to listen to a live webcast of its 2024 Investor Day.

Southwest Airlines Co. 2024 Investor Day

Southwest Airlines' Flight Simulator Technicians secure a new deal, ensuring higher wages and enhanced benefits.

Southwest Airlines' Labor Contract With Simulator Technicians Ratified

The airline is keeping its CEO, but losing a large chunk of its board. In the fight with Elliott Management, who's winning?

Are Activists Helping Southwest Investors?

Activist investor Elliott Investment Management told one of Southwest Airlines' top unions it still wants to replace CEO Robert Jordan, according to a union memo seen by Reuters, even after the carrier pledged to shake up its board.

Exclusive: Activist Elliott tells Southwest Air mechanics it still wants CEO's ouster, memo says

American Airlines

Delta Air Lines

JetBlue Airways

United Continental Hlds

As we move into the final stretch of 2024, many investors may be asking themselves: Is it time to give airline stocks another look? According to a new report from Bank of America (BofA), the answer might very well be yes.

Airline Stocks Poised For A Strong Second Half In 2024

Flight Simulator Technicians Approve New Contract; All Labor Contracts Now Successfully Ratified DALLAS , Sept. 16, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) and the International Brotherhood of Teamsters (IBT) Local 19 today announced the airline's Flight Simulator Technicians have voted in favor of their new contract.

SOUTHWEST AIRLINES ANNOUNCES FINAL LABOR CONTRACT RATIFIED

Alaska Air Group

An Alaska Airlines airplane aborted takeoff at Tennessee's Nashville International Airport on Thursday to avoid a potential collision with a Southwest Airlines jet, the airlines and authorities said.

Alaska Airlines plane aborts takeoff to avoid collision with Southwest jet

Gary Kelly, LUV's executive chair, and six board members announce their decision to step down.

How to Play Southwest Airlines Stock Post Elliott-Induced Board Revamp

Southwest said six directors will leave the board in November and it plans to appoint four new, independent directors, potentially including candidates put forward by Elliott.

Southwest shares tumble after airline overhauls board but keeps embattled CEO

The tentative deal, inked with the union representing LUV's flight simulator technicians, will now be voted upon.

Southwest Airlines Inks Provisional Deal With Simulator Technicians

Southwest Airlines (LUV) shares fell in intraday trading Tuesday as the carrier facing pressure from activist investor Elliott Investment Management announced the exit of its former Chief Executive Officer (CEO) and several board members.

Southwest's Executive Chair, Other Board Members Leave as Elliott Pushes Change

WEST PALM BEACH, Fla. , Sept. 10, 2024 /PRNewswire/ -- Elliott Investment Management L.P.

Elliott Statement on Southwest Airlines' Board Resignations

Southwest Airlines Co (NYSE: LUV) is making headlines after its chairman, Gary Kelly, announced plans to “voluntarily” retire in 2025. The decision follows discussions with activist investor Elliott Management, which has been pushing for a change in leadership to address the airline's recent underperformance.

Southwest Airlines chairman Gary Kelly to retire amid activist pressure from Elliott Management

China Yuchai International Limited

As of Sept. 10, 2024, two stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Top 2 Industrials Stocks You May Want To Dump This Month

Southwest Airlines' stock was headed higher Tuesday after Executive Chairman Gary Kelly announced plans to retire as part of a continued board “refreshment” at the airline, following urging from activist investor Elliott Investment Management L.P.

Southwest Airlines Chairman Kelly to retire after urging from activist Elliott

Southwest Airlines LUV -3.31%decrease; red down pointing triangle Executive Chairman Gary Kelly will step down next year in a big board shake-up as the airline faces pressure from an activist investor to overhaul its leadership and business strategy.

Southwest Airlines Overhauls Board Amid Activist Pressure

Southwest Chair Kelly to step down next year as activist Elliott pushes for changes at airline

News for Southwest Airlines Stock (LUV)