About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

DALLAS, Dec. 20, 2023 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) announced today that a Tentative Agreement has been reached with the Southwest Airlines Pilots Association (SWAPA) and will be voted on by the airline's nearly 11,000 Pilots. "Our Pilots are exemplary aviators, and this agreement would give them industry-leading pay rates, and numerous quality-of-life enhancements, while also providing opportunities for operational efficiencies," said Adam Carlisle, Vice President Labor Relations at So ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File No. 1-7259 SOUTHWEST AIRLINES CO. (Exact name of registrant as specified in its charter) Texas 74-1563240 (State or o ...

Southwest Airlines Co. (NYSE:LUV) Q3 2023 Results Conference Call October 26, 2023 12:30 PM ET Company Participants Julia Landrum - VP, IR Bob Jordan - President and CEO Tammy Romo - EVP and CFO Ryan Green - EVP and Chief Commercial Officer Andrew Watterson - COO Linda Rutherford - Chief Administration and Communications Officer Conference Call Participants Savi Syth - Raymond James Catherine O'Brien - Goldman Sachs Duane Pfennigwerth - Evercore ISI Mike Linenberg - Deutsche Bank Helane Becker - TD Cowen Al ...

https://reportify-1252068037.cos.ap-beijing.myqcloud.com/media/production/s_m_content_178cd4bfee07e30357ede503bd48bff5.html ...

Financial Data and Key Metrics Changes - The company reported a net income of $693 million for Q2 2023, excluding special items, and achieved an all-time record quarterly revenue of just over $7 billion [5][6] - The second quarter unit revenue (RASM) decreased by 8.3% year-over-year, despite a capacity increase of 14.1% [24] - The estimated full year 2023 fuel price is projected to be in the range of $2.70 to $2.80 per gallon, which is an increase from previous guidance due to higher refining margins [15][21] Business Line Data and Key Metrics Changes - The company experienced record operating revenue in every month of Q2 2023, with strong performance in leisure travel [23] - Revenue from corporate travel showed sequential and year-over-year improvement, particularly in managed business revenue [25] - The company plans to adjust its network to better align with post-pandemic travel patterns, which is expected to generate an incremental $500 million in pre-tax profit in 2024 [10][29] Market Data and Key Metrics Changes - The company gained additional passenger market share in Q2 2023, exiting the quarter with more unique travelers flying for business than pre-pandemic [25] - The Hawaii franchise performed well, with high load factors and improving yields [60] - The company expects overall corporate travel demand to remain lower than leisure for the foreseeable future [27] Company Strategy and Development Direction - The company is focused on restoring industry-leading financial and operational performance while enhancing operational resilience and customer service through digital hospitality initiatives [13][30] - Plans for 2024 include revamping flight schedules to optimize the network based on current travel patterns, with a goal of mid-single-digit year-over-year growth [11][29] - The company is committed to managing ongoing inflationary cost pressures and reflowing its order book with Boeing to support profitable growth [22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving record operating revenue and solid profits in Q3 2023, despite challenges related to weather and increased costs [6][7] - The management acknowledged the dynamic labor market and ongoing negotiations for employee compensation, emphasizing the importance of aligning labor costs with market rates [17][34] - The company is optimistic about the demand environment, particularly for leisure travel, and expects continued strength in bookings [26][40] Other Important Information - The company ended Q2 2023 with cash and short-term investments of $12.2 billion, maintaining a net cash position [21] - The company declared another dividend in Q2 2023, reflecting its strong financial performance [22] Q&A Session Summary Question: Load factors pressure and RASM guidance - Management noted that the second quarter performance was strong despite load factor pressures, with average fares up year-over-year by 2% [39][40] Question: Network optimization impact - Management indicated that network redesign would benefit both revenue and cost, aiming to drive unit costs down while aligning staffing and fleet with network design [44] Question: Return to pre-pandemic profitability levels - Management stated that getting back to pre-pandemic profitability is a goal, with ongoing contributions from network adjustments and fleet modernization plans [51] Question: Labor accruals and market rates - Management confirmed that labor accruals are adjusted to current market rates, with recent ratifications of agreements with various employee groups [56]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File No. 1-7259 SOUTHWEST AIRLINES CO. (Exact name of registrant as specified in its charter) Texas 74-1563240 (State or other ...

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. I cover transports and airlines. We're joined today by Bob Jordan, Southwest; Tammy Romo, CFO; Ryan Martinez; and Julie. Sorr ...

Southwest Airlines Co. (NYSE:LUV) Q1 2023 Results Conference Call April 27, 2023 12:30 PM ET Company Participants Ryan Martinez - VP, IR Bob Jordan - President and CEO Tammy Romo - EVP and CFO Ryan Green - EVP and Chief Commercial Officer Andrew Watterson - COO Linda Rutherford - Chief Administration and Communications Officer Conference Call Participants Duane Pfennigwerth - Evercore ISI Scott Group - Wolfe Research Jamie Baker - JPMorgan Matt Roberts - Raymond James Helane Becker - TD Cowen Conor Cunningh ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File No. 1-7259 SOUTHWEST AIRLINES CO. (Exact name of registrant as specified in its charter) Texas 74-1563240 (State or other ...