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.

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Earnings data Q4 2022

Earnings data Q1 2023

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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.

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

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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

Southwest Airlines on Tuesday announced changes to its board including the retirement of its Chairman Gary Kelly, but reiterated its support for CEO Bob Jordan amid calls for a shakeup from activist investor Elliott Investment Management.

Southwest Airlines Chairman Kelly to retire amid pressure from Elliott

Six Directors to Retire in November; Gary Kelly to Retire Immediately After 2025 Annual Meeting  Board Intends to Appoint Four New Independent Directors, Potentially Including Candidates Proposed by Elliott Investment Management L.P., in Near Term Board Eliminates Executive Committee Structure and Creates New Finance Committee; New Committee Chairs and Lead Independent Director to be Named Board Reiterates Support for Bob Jordan as CEO Southwest Airlines Intends to Continue Engagement Toward a Collaborative Resolution with Elliott Investment Management L.P.

SOUTHWEST AIRLINES ANNOUNCES NEXT PHASE OF COMPREHENSIVE BOARD REFRESHMENT

DALLAS , Sept. 9, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) and the International Brotherhood of Teamsters (IBT) Local 19, which represents the airline's Flight Simulator Technicians, have reached a Tentative Agreement for a new collective bargaining agreement.

SOUTHWEST AIRLINES ANNOUNCES TENTATIVE AGREEMENT FOR FLIGHT SIMULATOR TECHNICIANS

American Airlines

Alaska Air Group

Delta Air Lines

JetBlue Airways

US Global Jets ETF

United Continental Hlds

Demand is starting to pick up and exceed capacity, brightening fall prospects for U.S. airlines.

Here's why airline stocks merit another look, analyst says

An activist investor has continued pushing for a “comprehensive" review of Southwest Airlines' business while simultaneously building its stake in the carrier.

Southwest Airlines' battle with activist investor heats up: Are free bags on the chopping block?

Elliott Investment Management is pushing for significant changes at Southwest Airlines Co., including a new board, to improve shareholder returns. Southwest Airlines' new strategy of assigned seating and premium options is considered incremental and insufficient compared to legacy airlines. Elliott's plan could take 2–3 years to implement, with uncertain returns, while other airlines offer easier paths to stock gains.

Southwest Airlines: Elliott Still Trying Too Hard

Following LUV's upbeat operational performance this summer, we assess the investment worthiness of the stock.

Is Southwest Airlines Stock a Buy Post a Solid Summer Performance?

Airline achieves 100 percent completion factor on Labor Day DALLAS , Sept. 3, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) closed out summer travel with zero cancellations on Labor Day, highlighting yet another reliable operation during the airline's peak season.

SOUTHWEST AIRLINES POSTS STRONG SUMMER OPERATIONAL PERFORMANCE

Shares of Southwest Airlines (LUV) gained Tuesday on confirmation that hedge fund Elliott Investment Management now holds a sufficient stake in the airline to call a special meeting as it seeks to shake up the company.

Activist Elliott Investment Has Sufficient Southwest Stake To Call Meeting

Southwest Airlines Co (NYSE:LUV) shares moved higher on reports Elliot Management has secured a 10% stake in the airline, giving the investment firm the power to call a special meeting. A person familiar with the matter told Reuters that the hedge fund, which held an 11% economic stake through derivatives, converted enough of its holdings into common shares to surpass the 10% threshold.

Elliot Management secures stake in Southwest Airlines allowing it to call special meeting

DALLAS , Sept. 3, 2024 /PRNewswire/ -- Southwest Airlines Co.  (NYSE: LUV) announces the return of its highly-coveted Companion Pass® promotion.

SOUTHWEST AIRLINES BRINGS BACK ITS LIMITED-TIME COMPANION PASS PROMOTION!

Elliott now holds enough stock to call a special shareholder meeting ahead of a Sept. 9 sit-down with management.

Southwest Airlines' stock rises premarket on report of upped Elliott stake

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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

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Elliott Investment Management now holds 10% of Southwest Airlines' common stock, crossing the threshold that allows the hedge fund to call a special meeting at the carrier, according to a person familiar with the matter.

Exclusive: Elliott now owns enough of Southwest Airlines to call special meeting

With LUV's shares moving south, we assess the current positioning of the stock to determine if it's a good investment at this juncture.

Southwest Airlines Stock Plunges 15.4% in 6 Months: Buy the Dip?

Members have four opportunities to achieve tier status faster through Dec. 31, 2025 DALLAS , Aug. 28, 2024 /PRNewswire/ --  Southwest Airlines Co.  (NYSE: LUV) announces the return of its limited-time tier acceleration promotion, making it easier for Southwest Rapid Rewards® Members to earn tier status through 2025. Starting today, Rapid Rewards®1 Members have four opportunities to accelerate their way to the highly coveted A-List or A-List Preferred tier status: qualifying flight purchases, qualifying flight purchases with Rapid Rewards points, Southwest Rapid Rewards Credit Cards from Chase purchases, and Rapid Rewards partner spend.

SOUTHWEST AIRLINES OFFERS RAPID REWARDS MEMBERS LIMITED-TIME PROMOTION TO ACCELERATE TO A-LIST OR A-LIST PREFERRED TIER STATUS

The firm has set its eyes on ousting Southwest CEO Bob Jordan and Executive Chairman Gary Kelly, both of whom it blamed for the company's downfall.

News for Southwest Airlines Stock (LUV)