"The Safety-first work to support a continuous renewal of our fleet benefits our entire network and the community," said Andrew Watterson, Chief Operating Officer at Southwest Airlines. "Investing in our Arizona-based People by equipping them with the latest tools, enhanced processes, and functional spaces is one of the most impactful investments we can make at Southwest Airlines and our future in Phoenix." The expanded hangar has also achieved Leadership in Energy and Environmental Design (LEED) Silver cer ...

DALLAS, Feb. 13, 2024  /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) proudly celebrates its recognition on Fortune World's Most Admired Companies™ 2024 list1. The carrier ranked No. 39 overall and has been consistently featured on the World's Most Admired Companies™ list since 2009. "From our very beginning in 1971, Southwest Airlines has been celebrated for the way we care for our People, Customers, and communities, and it's an honor to be among Fortune World's Most Admired Companies™ again this year, ...

Southwest flight schedule now available for booking through Nov. 2, 2024 Seasonal service added between Nashville and Richmond, Va., and between Memphis, Tenn., and Las Vegas More international and seasonal flights return for fall vacations! DALLAS, Feb. 8, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) today announced more seasonal service this fall as it extends its flight schedule through Nov. 2, 2024. Flights are available for booking at Southwest.com. More Heart Takes Off from TennesseeSout ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 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) (IRSEmployer IdentificationNo.) 75235 ...

Redesigned aircraft cabin interior featuring RECARO aircraft seats to debut in early 2025 Existing Boeing 737 MAX 8 and -800s to include onboard power ports and larger overhead bins Uniform refresh process underway to bring newly-designed apparel to Employees DALLAS, Feb. 2, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) is onboarding a new look and feel with plans for redesigned aircraft cabin conveniences and interiors that are distinctly Southwest® and will feature new aircraft seats from RECA ...

Southwest Airlines Co. (LUV) announced adding more routes from Kansas City and San Francisco for spectators to travel to the biggest football game of 2024 in Las Vegas.Commencing from Feb 8, LUV will offer flights from Kansas City, San Francisco, Oakland and San Jose to Las Vegas. The schedule will repeat on Feb 9 and Feb 10 as well. Feb 12 and Feb 13 have been scheduled for the return journey from Las Vegas to the respective places (Kansas City, San Francisco, Oakland and San Jose).The addition of such tem ...

DALLAS, Jan. 31, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) Board of Directors declared a quarterly cash dividend of $.18 per share to Shareholders of record at the close of business on March 6, 2024, on all shares then issued and outstanding. The quarterly dividend will be paid on March 27, 2024.  SW-DSR SOURCE Southwest Airlines Co. ...

Las Vegas' largest airline adds more flights and itineraries from Kansas City and San Francisco for fans to travel to the biggest football game of the year! DALLAS, Jan. 28, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) is gearing up for the Big Game weekend in Las Vegas with more flights for football fans in Kansas City and San Francisco. On Thursday, Feb. 8, 2024, Southwest® will offer the following service: From Kansas City to Las Vegas: 4 nonstop flights and 14 different itineraries. From San ...

Southwest Airlines Co. (NYSE:LUV) Q4 2023 Earnings Conference Call January 25, 2024 12:30 PM ET Company Participants Julia Landrum - Vice President, Investor Relations Bob Jordan - President & Chief Executive Officer Tammy Romo - Executive Vice President & Chief Financial Officer Ryan Green - Executive Vice President & Chief Commercial Officer Andrew Watterson - Chief Operating Officer Whitney Eichinger - Chief Communications Officer Conference Call Participants Ravi Shanker - Morgan Stanley Jamie Baker - J ...

Core Insights - Southwest Airlines Co. reported fourth-quarter 2023 earnings per share of 37 cents, exceeding the Zacks Consensus Estimate of 11 cents, and improved from a loss of 38 cents per share in the same quarter last year [1] - Revenues reached $6,822 million, surpassing the Zacks Consensus Estimate of $6,741.5 million, and increased by 10.5% year over year, driven by strong leisure demand and record ancillary revenues [1] Operating Statistics - Airline traffic, measured in revenue passenger miles, increased by 13.7% year over year to 35.58 billion [2] - Capacity, or available seat miles (ASMs), rose by 21.4% year over year to 45.51 billion [2] - Load factor decreased to 78.2% from 83.5% in the previous year, falling short of expectations [2] - Passenger revenue per available seat mile (PRASM) declined by 7.6% year over year to 13.65 cents [2] - Revenue per available seat mile (RASM) fell by 8.9% to 14.99 cents, although it was higher than the estimate [2] Operating Expenses & Income - Southwest Airlines reported an operating loss of $361 million in the fourth quarter, an improvement from a loss of $386 million in the previous year [3] - On an adjusted basis, the company reported operating income of $177 million, compared to a loss of $344 million in the year-ago quarter [3] - Total adjusted operating expenses decreased by 0.7% [3] - Fuel cost per gallon fell by 5.7% to $3.00, exceeding the estimate [3] - Consolidated unit cost (CASM) excluding fuel, oil, and profit-sharing expenses decreased by 18.1% year over year [3] Liquidity - As of the end of the fourth quarter, cash and cash equivalents stood at $9,288 million, down from $9,497 million at the end of September 2023 [4] - Long-term debt was $7,978 million, slightly down from $7,984 million at the end of September 2023 [4] - The company generated $425 million in cash from operating activities, while capital expenditures were $707 million [4] Q1 & Full-Year Outlook - For Q1 2024, ASMs are expected to improve by 10% year over year, with economic fuel costs projected between $2.70 and $2.80 per gallon [5] - RASM is anticipated to increase by 2.5-4.5% from the previous year [5] - CASM, excluding fuel, oil, and profit-sharing expenses, is expected to rise by 6-7% in Q1 2024 [5] - For the full year 2024, capacity is expected to improve by 6%, with economic fuel costs projected between $2.55 and $2.65 per gallon [6] - CASM is still anticipated to increase by 6-7% in 2024, and interest expenses are expected to be $249 million [6] - Capital expenditures are projected to be between $3.5 billion and $4 billion for 2024 [6]