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 ...

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 ...

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 ...

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 ...

Southwest Airlines Co. (NYSE:LUV) J.P. Morgan 2023 Industrials Conference Call March 14, 2023 9:40 AM ET Company Participants Robert Jordan - Chief Executive Officer Tammy Romo - Executive Vice President & Chief Financial Officer Conference Call Participants Jamie Baker - J.P. Morgan Mark Streeter - J.P. Morgan Jamie Baker All right. I'm always quick with the introductions, but we're very pleased to have overweight-rated Southwest Airlines back in the auditorium today. We'll have a presentation from the com ...