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.

American Airlines

Alaska Air Group

Delta Air Lines

JetBlue Airways

US Global Jets ETF

United Continental Hlds

Airlines earnings came in mixed in the second quarter. What lies ahead for the ETF?

Airlines Earnings Mixed: What Lies ahead of ETF?

It's been an extremely difficult few years for the airline industry. Carriers around the world were more directly impacted by the Covid-19 pandemic than just about any other economic sector.

3 Undervalued Airline Stocks to Buy Before They Take Off

Southwest's latest customer experience coup follows a familiar playbook — and it's an approach that can benefit any business.

And This Is Why Customer Affection For Southwest Airlines Doesn't Expire

Hilton Worldwide Holdings

Business travel has rebounded but challenges include economic weakness and labor shortages.

Business travel costs are expected to rise through 2023, industry report says

Airlines were dealt another big blow in July as spending on holidays, in real terms, sank as inflation reached 40-year highs. Barclaycard debit and credit card data showed a 7.7% increase in overall spending compared with the previous year - but this figure excluded inflation.

Airlines dealt yet another blow in July as holiday spending falls 2%

Southwest (LUV) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Is Most-Watched Stock Southwest Airlines Co. (LUV) Worth Betting on Now?

The DOT logged a surge in complaints about airline refunds since the Covid-19 pandemic began.

Transportation Department proposes stricter rules for airline refunds after complaints surge

The U.S. Transportation Department on Wednesday proposed new rules to strengthen airline passenger protection rules and require airlines to provide vouchers that do not expire when passengers are unable to fly for some pandemic reasons.

U.S. proposes new consumer protection rules for airline passengers

Southwest Airlines' stock price development does not reflect the stellar performance and management planning and execution. Southwest Airlines reduced capex by $1 billion as Boeing deliveries are delayed.

Southwest Airlines Stock Is Not Getting The 'LUV' It Deserves

This article is reprinted by permission from NerdWallet.

Two years after the airline bailout, what are consumers getting?

The popular airline earned a record profit in the second quarter but faces significant near-term earnings headwinds.

Southwest Airlines: Strong Q2 Earnings, But Headwinds Increasing

Southwest (LUV) possesses solid growth attributes, which could help it handily outperform the market.

3 Reasons Growth Investors Will Love Southwest (LUV)

The average of price targets set by Wall Street analysts indicates a potential upside of 45.3% in Southwest (LUV). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts See a 45% Upside in Southwest (LUV): Can the Stock Really Move This High?

Southwest Airlines Co. (NYSE:LUV ) Q2 2022 Earnings Conference Call July 28, 2022 12:30 PM ET Company Participants Ryan Martinez - Vice President-Investor Relations Bob Jordan - Chief Executive Officer Tammy Romo - Executive Vice President & Chief Financial Officer Andrew Watterson - Executive Vice President & Chief Commercial Officer Mike Van de Ven - President & Chief Operating Officer Linda Rutherford - Chief Communications Officer & Executive Vice President-People & Communications Conference Call Participants Savi Syth - Raymond James Jamie Baker - JPMorgan Duane Pfennigwerth - Evercore ISI Andrew Didora - Bank of America David Vernon - Bernstein Scott Group - Wolfe Research Brandon Oglenski - Barclays Sheila Kahyaoglu - Jefferies Ravi Shanker - Morgan Stanley Alison Sider - The Wall Street Journal Dawn Gilbertson - USA TODAY David Slotnick - TPG Operator Good day and welcome to the Southwest Airlines Second Quarter 2022 Conference Call. My name is Chad and I will be moderating today's call.

Southwest Airlines Co. (LUV) CEO Bob Jordan on Q2 2022 Results - Earnings Call Transcript

Southwest Airlines (LUV) second-quarter 2022 earnings and revenues improve year over year.

Southwest Airlines (LUV) Q2 Earnings & Revenues Beat, Up Y/Y

Although the concept of “revenge travel” has bolstered discount carriers like Southwest Airlines (NYSE: LUV ), this framework only tells one side of the story. The other side contains difficult economic circumstances which Southwest's second-quarter earnings report reflected.

Southwest (LUV) Stock Falls 8% Despite Posting Record Revenue

Southwest (LUV) delivered earnings and revenue surprises of 11.11% and 0.13%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Southwest Airlines (LUV) Q2 Earnings and Revenues Beat Estimates

Southwest Airlines reported all-time record revenue and net income, and currently holds fuel hedges valued at $1 billion in the second half of 2022.

Southwest Airlines Reports Record Quarter With Gains From Fuel Hedging

Southwest Airlines Co. LUV, +2.95% shares fell 4.5% in premarket trades on Thursday after the company said its second-quarter net income more than doubled to $760 million, or $1.20 a share, from $348 million, or 57 cents a share, in the year-ago quarter. Excluding one-time items, Southwest earned $1.30 a share in the latest quarter.

Southwest Airlines profit more than doubles on record revenue, sees delay in plane deliveries

The company expects inflationary headwinds to persist into the second half of the year.

Southwest Airlines Posts Record Revenue. The Stock Is Down on Guidance.

DALLAS , July 28, 2022 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) (the "Company") today reported its second quarter 2022 financial results: Strong quarterly net income of $760 million 1 Record quarterly net income, excluding special items2, of $825 million Record quarterly operating revenues of $6.7 billion Cash provided by operations of $1.9 billion Liquidity3 of $17.4 billion, well in excess of debt outstanding of $10.5 billion Bob Jordan, Chief Executive Officer, stated, "We are very pleased to report all-time record quarterly revenues and net income, excluding special items, representing a significant milestone in our pandemic recovery. Travel demand surged in second quarter, and thus far, strong demand trends continue in third quarter 2022.

SOUTHWEST AIRLINES REPORTS SECOND QUARTER 2022 RESULTS

U.S. carrier Southwest Airlines Co on Thursday predicted that its third-quarter revenue will exceed pre-pandemic levels on strong travel demand during the summer, but warned of capacity constraints for the rest of the year.

Southwest predicts third-quarter revenue above pre-pandemic levels

Southwest Airlines Co. LUV, +2.95% said Thursday it is eliminating expiration dates on all flight credits that are currently unexpired, or for those created on our after July 28. The air carrier said its customers will initially see a placeholder expiration date of Dec. 31, 2040 on their flight credits, until technology is updated to remove all expiration dates.

Southwest Airlines eliminates expiration dates for all unexpired flight credits

More Heart, Fewer Strings. Beginning today, Flight credits don't expire, securing Customers' investments in Southwest flight credits valid today, and going forward.

SOUTHWEST AIRLINES ELIMINATES EXPIRATION DATES ON FLIGHT CREDITS

An investigation by the Federal Aviation Administration (FAA) found that the agency failed to conduct proper safety oversight of Southwest Airlines, a federal watchdog said Wednesday.

News for Southwest Airlines Stock (LUV)