SOUTHWEST AIRLINES REPORTS THIRD QUARTER 2024 RESULTS DALLAS, TEXAS - October 24, 2024 - Southwest Airlines Co. (NYSE: LUV) (the "Company") today reported its third quarter 2024 financial results: • Net income of $67 million, or $0.11 per diluted share 1 • Net income, excluding special items , of $89 million, or $0.15 per diluted share • Record third quarter operating revenues of $6.9 billion 2 • Liquidity of $10.4 billion, well in excess of debt outstanding of $8.0 billion • Announced a $250 million accele ...

Southwest Airlines is planning to reduce service to and from Atlanta next year, cutting more than 300 pilot and flight attendant positions, according to a company memo seen by CNBC.The changes come a day before Southwest's investor day, when executives will map out the company's plan to cut costs and grow revenue as pressure mounts from activist investor Elliott Investment Management.Southwest told staff it isn't closing its crew base in Atlanta. Instead, it will reducing staffing by as many as 200 flight a ...

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, 2024 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) Q2 2024 Earnings Conference Call July 25, 2024 12:30 PM ET Company Participants Julia Landrum - Vice President, Investor Relations Bob Jordan - President & Chief Executive Officer Andrew Watterson - Chief Operating Officer Tammy Romo - Executive Vice President & Chief Financial Officer Ryan Green - EVP, Commercial Transformation Whitney Eichinger - Senior Vice President & Chief Communications Officer Conference Call Participants Brandon Oglenski - Barclays Jamie Baker - JPM ...

SOUTHWEST AIRLINES REPORTS SECOND QUARTER 2024 RESULTS DALLAS, TEXAS - July 25, 2024 - Southwest Airlines Co. (NYSE: LUV) (the "Company") today reported its second quarter 2024 financial results: Bob Jordan, President, Chief Executive Officer, & Vice Chairman of the Board of Directors, stated, "Our second quarter performance was impacted by both external and internal factors and fell short of what we believe we are capable of delivering. The Southwest Airlines Board of Directors, our Leadership Team, and I ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) 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 jurisdiction of | (IRS Employer | | incorporation or organization) | Identification No.) | | P.O. Box 36611 | | | Dallas, Texas | 75235-1611 | | (Address of principal executive offices) | (Zip Code) | Regist ...

Southwest Airlines Co. (NYSE:LUV) Q1 2024 Earnings Conference Call April 25, 2024 12:30 PM ET Company Participants Julia Landrum - Vice President of Investor Relations Robert Jordan - President & Chief Executive Officer Tammy Romo - Executive Vice President and Chief Financial Officer Ryan Green - Executive Vice President & Chief Commercial Officer Andrew Watterson - Chief Operating Officer Whitney Eichinger - Chief Communications Officer Conference Call Participants Michael Linenberg - Deutsche Bank David ...

SOUTHWEST AIRLINES REPORTS FIRST QUARTER 2024 RESULTS DALLAS, TEXAS - April 25, 2024 - Southwest Airlines Co. (NYSE: LUV) (the "Company") today reported its first quarter 2024 financial results: Bob Jordan, President and Chief Executive Officer, stated, "While it is disappointing to incur a first quarter loss, we exited the quarter with healthy profits and margins in the month of March. We are focused on controlling what we can control and have already taken swift action to address our financial underperfor ...

J.P. Morgan Industrials Conference Bob Jordan, President & CEO 2023 | Year of progress We made significant progress in 2023 and ended the year a stronger Company 2023 Focus areas Top 2023 achievements 1. Completed Winter Operations Preparedness Plan 2. New Customer Experience capabilities 3. ...

Summary of Southwest Airlines Conference Call Company Overview - **Company**: Southwest Airlines Co. (NYSE:LUV) - **Event**: J.P. Morgan 2024 Industrials Conference - **Date**: March 12, 2024 Key Points Operational Improvements - Southwest Airlines has implemented a comprehensive winter weather action plan, successfully tested during various winter weather events, leading to stable crew and aircraft networks [3] - The company achieved a 99.3% completion factor since February 1, marking February as the highest completion factor on record since 1997 [7][8] - First quarter capacity is expected to increase approximately 11% year-over-year, up from a previous estimate of 10% [8] Financial Performance - Revenue per available seat mile (RASM) guidance for the first quarter has been updated to a range of flat to 2% year-over-year, reflecting a 2.5-point decrease from prior expectations [8][9] - Despite challenges, the company anticipates another quarter of record revenue, with strong demand and improved operational performance [9][10] Labor Agreements - Southwest has ratified agreements with six out of eight labor groups, including pilots, and is optimistic about finalizing the remaining contracts [4] Cost Management - Non-fuel costs are projected to rise approximately 6% year-over-year for the first quarter, primarily due to salary and maintenance expenses [11] - The company has halted hiring for customer support and flight attendant positions, reducing pilot hiring by over 50% and flight attendant hiring by over 60% for 2024 [12][13] Boeing Delivery Delays - Boeing has revised its delivery schedule, now expecting to deliver 46 MAX 8 aircraft in 2024, down from 58 [15] - The company is adjusting its fleet plan to mitigate risks associated with these delays, focusing on maintaining operational efficiency and cost management [16][17] Future Outlook - The company is not providing a full-year 2024 outlook due to the recent changes in aircraft delivery schedules [15] - Southwest aims to achieve a full-year capacity growth of 4.5% to 5% year-over-year, with adjustments being made to optimize schedules [17] Sustainability Initiatives - Southwest aims for 10% of its fuel usage to be sustainable aviation fuel (SAF) by 2030, with a long-term goal of net zero emissions by 2050 [51][52] - The company has formed a subsidiary, Southwest Airlines Renewable Ventures, to invest in sustainable fuel projects [54] Customer Loyalty and Revenue Initiatives - The Rapid Rewards loyalty program is performing well, with record memberships and revenues [36] - The company is exploring new revenue initiatives and enhancements to the loyalty program, including potential partnerships and new features [38][39] Competitive Landscape - The company acknowledges competitive pressures from other airlines, particularly regarding change fee policies and customer service initiatives [24][25] - Southwest remains committed to its core values of customer service and operational efficiency, which it believes will sustain its competitive advantages [20] Conclusion - Southwest Airlines expresses optimism about its future, emphasizing its strong operational performance, commitment to cost management, and focus on sustainable growth [19][21]