LUV - Earnings announcements

$227 million net income and $0.45 EPS, in line with guidanceOperating margin of 4.6%, an improvement of 8.1 points year-over-yearGenerated $1.4 billion in operating cash flow in the quarterRecord first‑quarter passenger, operating, and unit revenuesManaged business revenue performance a March and quarterly recordDALLAS, April 22, 2026 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) today reported first quarter 2026 financial results, representing an important milestone as the transformational plan announced just 18 months ago is now fully implemented. "First quarter 2026 marked a turning point for Southwest, as our broad set of commercial, operational, and cost initiatives is now translati

2025 net income $441 million / $0.79 EPS; adjusted net income1 $512 million / $0.93 adjusted EPS1,2 2025 adjusted EBIT1,3 $574 million and above prior guidance of $500 million Guiding 2026 adjusted EPS4 of at least $4.00, up more than 300% over 2025 Ranked #1 in The Wall Street Journal Best U.S. Airlines of 2025 2026 guidance and strong Q1 bookings reflect sweeping transformation undertaken in 2025 DALLAS, Jan. 28, 2026 /PRNewswire/ -- Southwest Airlines (NYSE:LUV) today reported its fourth quarter and full year 2025 financial results, and provided 2026 adjusted EPS guidance of at least $4.00, which represents the lower end of internal forecasts. Fourth quarter performance benefited from rev

DALLAS, Oct. 22, 2025 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) (the "Company") today reported its third quarter 2025 financial results, with unit revenues, unit costs, and net income all exceeding its expectations and strong execution continuing across the business. Company Highlights: Net income of $54 million, or $0.10 income per diluted shareNet income, excluding special items1, of $58 million, or $0.11 income per diluted shareRecord third quarter operating revenues of $6.9 billionDelivered results ahead of the Company's expectations, driven by both better-than-anticipated unit revenues and unit costsReturned $439 million to Shareholders through a combination of share repurchase

DALLAS, July 23, 2025 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) (the "Company") today reported its second quarter 2025 financial results and Company highlights: Net income of $213 million, or $0.39 income per diluted shareNet income, excluding special items1, of $230 million, or $0.43 income per diluted shareReturned $1.6 billion to Shareholders through a combination of share repurchases and dividendsLaunched bag fees with financial benefit exceeding expectations and no negative operational impactRolled out new basic economy product structure, laying the foundation for future product differentiationMaintaining targets of $1.8 billion full year 2025 and $4.3 billion full year 2026 in

DALLAS, April 23, 2025 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) (the "Company") today reported its first quarter 2025 financial results:   Net loss of $149 million, or $0.26 loss per diluted shareNet loss, excluding special items1, of $77 million, or $0.13 loss per diluted shareRecord first quarter operating revenues of $6.4 billion on all-time record yieldsLiquidity2 of $9.3 billion, well in excess of debt outstanding of $6.7 billionBob Jordan, President, Chief Executive Officer, & Vice Chairman of the Board of Directors, stated, "While the broader economic environment has been dynamic, we remain focused on executing our transformational plan. On costs, we beat our previously adju

DALLAS, Jan. 30, 2025 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) (the "Company") today reported its fourth quarter and full year 2024 financial results: Fourth quarter and full year net income of $261 million and $465 million, or $0.42 and $0.76 per diluted share, respectivelyFourth quarter and full year net income, excluding special items1, of $356 million and $597 million, or $0.56 and $0.96 per diluted share, respectivelyRecord fourth quarter and record full year operating revenues of $6.9 billion and $27.5 billion, respectivelyRecord fourth quarter and record full year operating revenues, excluding special items1, of $7.0 billion and $27.6 billion, respectivelyFourth quarter reve

DALLAS, Oct. 24, 2024 /PRNewswire/ -- 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 shareNet income, excluding special items1, of $89 million, or $0.15 per diluted shareRecord third quarter operating revenues of $6.9 billionLiquidity2 of $10.4 billion, well in excess of debt outstanding of $8.0 billionAnnounced a $250 million accelerated share repurchase program under the Company's $2.5 billion share repurchase authorizationBob Jordan, President, Chief Executive Officer, & Vice Chairman of the Board of Directors, stated, "It's an exciting time for us as we execute on our 'Southwest.

DALLAS, July 25, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) (the "Company") today reported its second quarter 2024 financial results: Net income of $367 million, or $0.58 per diluted shareNet income, excluding special items1, of $370 million, or $0.58 per diluted shareRecord quarterly operating revenues of $7.4 billionLiquidity2 of $11.0 billion, well in excess of debt outstanding of $8.0 billionBob 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,

DALLAS, April 25, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) (the "Company") today reported its first quarter 2024 financial results: Net loss of $231 million, or $0.39 loss per diluted shareNet loss, excluding special items1, of $218 million, or $0.36 loss per diluted shareRecord first quarter operating revenues of $6.3 billionLiquidity2 of $11.5 billion, well in excess of debt outstanding of $8.0 billionBob 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 acti

DALLAS, Jan. 25, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) (the "Company") today reported its fourth quarter and full year 2023 financial results: Fourth quarter net loss of $219 million, or $0.37 loss per diluted shareFourth quarter net income, excluding special items1, of $233 million, or $0.37 per diluted shareFull year net income of $498 million, or $0.81 per diluted shareFull year net income, excluding special items1, of $986 million, or $1.57 per diluted shareRecord fourth quarter and full year operating revenues of $6.8 billion and $26.1 billion, respectivelyLiquidity2 of $12.5 billion, well in excess of debt outstanding of $8.0 billionBob Jordan, President and Chief Exe

DALLAS, July 27, 2023 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) (the "Company") today reported its second quarter 2023 financial results: Net income of $683 million, or $1.08 per diluted shareNet income, excluding special items1, of $693 million, or $1.09 per diluted shareRecord quarterly operating revenues of $7.0 billionLiquidity2 of $13.2 billion, well in excess of debt outstanding of $8.0 billionBob Jordan, President and Chief Executive Officer, stated, "We are pleased to report a solid quarter amid continued strong demand. We generated all-time record quarterly operating revenues, produced a very strong operational performance, and delivered healthy net income. The resilient dem

DALLAS, April 27, 2023 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) (the "Company") today reported its first quarter 2023 financial results: Net loss of $159 million, or $0.27 loss per diluted shareNet loss, excluding special items1, of $163 million, or $0.27 loss per diluted shareRecord first quarter operating revenues of $5.7 billionLiquidity2 of $12.7 billion, well in excess of debt outstanding of $8.0 billionBob Jordan, President and Chief Executive Officer, stated, "As expected, we incurred a first quarter 2023 net loss that resulted from the negative financial impact of approximately $380 million pre-tax, or $294 million after-tax, related to the December 2022 operational disrupti

DALLAS, Jan. 26, 2023 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) (the "Company") today reported its fourth quarter and full year 2022 financial results: Fourth quarter net loss of $220 million, or $0.37 loss per diluted shareFourth quarter net loss, excluding special items1, of $226 million, or $0.38 loss per diluted shareFull year net income of $539 million, or $0.87 per diluted shareFull year net income, excluding special items, of $723 million, or $1.16 per diluted shareRecord fourth quarter and full year operating revenues of $6.2 billion and $23.8 billion, respectivelyLiquidity2 of $13.3 billion, well in excess of debt outstanding of $8.1 billionBob Jordan, President and Chief Ex

DALLAS, Oct. 27, 2022 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) (the "Company") today reported its third quarter 2022 financial results: Net income of $277 million, or $0.44 per diluted shareNet income, excluding special items1, of $316 million, or $0.50 per diluted shareRecord third quarter operating revenues of $6.2 billionLiquidity2 of $14.7 billion, well in excess of debt outstanding of $8.7 billionBob Jordan, Chief Executive Officer, stated, "We are pleased to report solid third quarter 2022 profits and record third quarter operating revenues. Following record summer leisure travel demand, revenue trends remained strong in September 2022, bolstered by improving business travel t

DALLAS, July 28, 2022 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) (the "Company") today reported its second quarter 2022 financial results: Strong quarterly net income of $760 million1Record quarterly net income, excluding special items2, of $825 millionRecord quarterly operating revenues of $6.7 billionCash provided by operations of $1.9 billionLiquidity3 of $17.4 billion, well in excess of debt outstanding of $10.5 billionBob Jordan, Chief Executive Officer, stated, "We are very pleased to report all-time record quarterly revenues and net income, excluding special items, representing a significant milestone in our pandemic recovery. Travel demand surged in second quarter, and thus fa

DALLAS, April 28, 2022 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) (the "Company") today reported its first quarter 2022 financial results: Net loss of $278 million, or $0.47 loss per diluted shareExcluding special items1, net loss of $191 million, or $0.32 loss per diluted shareOperating revenues of $4.7 billion, down 8.8 percent compared with first quarter 2019Cash provided by operations of $1.1 billionLiquidity2 of $16.7 billion, well in excess of debt outstanding of $10.7 billionBob Jordan, Chief Executive Officer, stated, "While the impact from the Omicron variant in January and February disrupted our anticipated profit recovery in first quarter 2022, we returned to strong profita

DALLAS, Jan. 27, 2022 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) (the "Company") today reported its fourth quarter and full year 2021 financial results: Fourth quarter net income of $68 million, or $0.11 per diluted share Excluding special items1, fourth quarter net income of $85 million, or $0.14 per diluted share Full year net income of $977 million, or $1.61 per diluted share, driven by a $2.7 billion offset of salaries, wages, and benefits expenses related to the receipt of Payroll Support Program (PSP) proceeds under the Consolidated Appropriations Act, 2021 and the American Rescue Plan Act of 2021 Excluding special items, full year net loss of $1.3 billion, or $2.15 loss per

DALLAS, Oct. 21, 2021 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) (the "Company") today reported its third quarter 2021 financial results: Third quarter net income of $446 million, or $.73 per diluted share, driven by a $763 million offset of salaries, wages, and benefits expenses related to the receipt of Payroll Support Program (PSP) proceeds under the American Rescue Plan Act of 2021 Excluding special items1, third quarter net loss of $135 million, or $.23 loss per diluted share Third quarter operating revenues of $4.7 billion, down 17.0 percent compared with third quarter 2019 Ended third quarter with liquidity2 of $17.0 billion, well in excess of debt outstanding of $11.2 bill

DALLAS, July 22, 2021 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) (the "Company") today reported its second quarter 2021 financial results: Second quarter net income of $348 million, or $.57 per diluted share, driven by a $724 million offset of salaries, wages, and benefits expenses related to the receipt of Payroll Support Program (PSP) proceeds under the Consolidated Appropriations Act, 2021 and American Rescue Plan Act of 2021 Excluding special items¹, second quarter net loss of $206 million, or $.35 loss per diluted share Second quarter operating revenues of $4.0 billion, down 32.2 percent compared with second quarter 2019 Generated second quarter operating cash flow of $2.0 billi