Southwest Airlines Co (LUV) stock
LUVNYSEAir Transportation, ScheduledFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 22, 2026Score 9/302% below fair value
$42.43−1.25 (-2.86%)
Close on Oct 30, 2026Market cap $20.76BP/E 26.9Yield 1.70%
Earnings
Southwest Airlines's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.
Next report
Jan 27, 2027
Q4 FY2026 · estimated, after the close
Revenue, Q3 FY2026
$8.40B
+21.7% on a year earlier
adjusted EPS, Q3 FY2026
$0.66
$0.11 a year earlier
Latest guidance
Raised
Oct 21, 2026 · 7 items
Quarterly results
Revenue and earnings per share from each of Southwest Airlines's earnings releases, newest first
| Quarter | Reported | Revenue | YoY | EPS | Adj. EPS | Source |
|---|---|---|---|---|---|---|
| Q4 FY2026ended Dec 31, 2026 | Jan 27, 2027Expected | – | – | – | – | – |
| Q3 FY2026ended Sep 30, 2026 | Oct 21, 2026after the close | $8.40B | +21.7% | $0.55 | $0.66 | Release |
| Q2 FY2026ended Jun 30, 2026 | Jul 22, 2026after the close | $8.40B | +16.0% | $0.47 | $0.94 | Release |
| Q1 FY2026ended Mar 31, 2026 | Apr 22, 2026after the close | $7.25B | +12.8% | $0.45 | $0.45 | Release |
| Q4 FY2025ended Dec 31, 2025 | Jan 28, 2026after the close | $7.40B | +7.2% | $0.61 | $0.58 | Release |
| Q3 FY2025ended Sep 30, 2025 | Oct 22, 2025after the close | $6.90B | 0.0% | $0.10 | $0.11 | Release |
| Q2 FY2025ended Jun 30, 2025 | Jul 23, 2025after the close | $7.24B | -2.1% | $0.39 | $0.43 | Release |
| Q1 FY2025ended Mar 31, 2025 | Apr 23, 2025after the close | $6.43B | +2.0% | -$0.26 | -$0.13 | Release |
| Q4 FY2024ended Dec 31, 2024 | Jan 30, 2025before the open | $6.90B | +1.5% | $0.42 | $0.56 | Release |
| Q3 FY2024ended Sep 30, 2024 | Oct 24, 2024before the open | $6.90B | +6.2% | $0.11 | $0.15 | Release |
| Q2 FY2024ended Jun 30, 2024 | Jul 25, 2024before the open | $7.40B | +5.7% | $0.58 | $0.58 | Release |
| Q1 FY2024ended Mar 31, 2024 | Apr 25, 2024before the open | $6.30B | +10.5% | -$0.39 | -$0.36 | Release |
| Q4 FY2023ended Dec 31, 2023 | Jan 25, 2024before the open | $6.80B | +9.7% | -$0.37 | $0.37 | Release |
| Q3 FY2023ended Sep 30, 2023 | Oct 26, 2023before the open | $6.50B | +4.8% | $0.31 | $0.38 | Release |
| Q2 FY2023ended Jun 30, 2023 | Jul 27, 2023before the open | $7.00B | +4.5% | $1.08 | $1.09 | Release |
| Q1 FY2023ended Mar 31, 2023 | Apr 27, 2023before the open | $5.70B | +21.3% | -$0.27 | -$0.27 | Release |
| Q4 FY2022ended Dec 31, 2022 | Jan 26, 2023before the open | $6.20B | +21.6% | -$0.37 | -$0.38 | Release |
| Q3 FY2022ended Sep 30, 2022 | Oct 27, 2022before the open | $6.20B | +31.9% | $0.44 | $0.50 | Release |
| Q2 FY2022ended Jun 30, 2022 | Jul 28, 2022before the open | $6.70B | – | $1.20 | $1.30 | Release |
| Q1 FY2022ended Mar 31, 2022 | Apr 28, 2022before the open | $4.70B | – | -$0.47 | -$0.32 | Release |
| Q4 FY2021ended Dec 31, 2021 | Jan 27, 2022before the open | $5.10B | – | $0.11 | $0.14 | Release |
| Q3 FY2021ended Sep 30, 2021 | Oct 21, 2021before the open | $4.70B | – | – | -$0.23 | Release |
| Q2 FY2021ended Jun 30, 2021 | Jul 22, 2021before the open | – | – | – | – | Filing |
| Q1 FY2021ended Mar 31, 2021 | Apr 22, 2021before the open | – | – | – | – | Filing |
| Q4 FY2020ended Dec 31, 2020 | Jan 28, 2021before the open | – | – | – | – | Filing |
| Q3 FY2020ended Sep 30, 2020 | Oct 22, 2020before the open | – | – | – | – | Filing |
Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.
Current guidance
Southwest Airlines's latest outlook for periods it has not reported yet, compared with what it said before
| Metric | Period | Guidance | Before | Change | Given |
|---|---|---|---|---|---|
| Adjusted EPSnon-GAAP | Q4 FY2026 | $0.55 – $0.80 | – | New | Oct 21, 2026 |
| ASMs (a), year-over-year | Q4 FY2026 | +3% – +4% | – | New | Oct 21, 2026 |
| CASM-X (c), year-over-year 1,2non-GAAP | Q4 FY2026 | +4% – +4.5% | – | New | Oct 21, 2026 |
| RASM (b), year-over-year | Q4 FY2026 | +19% – +21% | – | Raised | Oct 21, 2026 |
| EBIT 3 contribution from initiativesnon-GAAP | FY2026 | $4.30B | – | New | Apr 23, 2025 |
| adjusted EPSnon-GAAP | FY2026 | $3.25 – $4.25 | $4.00 | Lowered | Jul 22, 2026 |
| Adjusted EPSnon-GAAP | FY2026 | $2.60 – $2.85 | – | New | Oct 21, 2026 |
| net capital spending | FY2026 | $2.50B – $2.75B | – | New | Oct 21, 2026 |
| net capital spendingnon-GAAP | FY2026 | $3.00B – $3.50B | – | New | Jul 22, 2026 |
| net capital spending | FY2026 | $3.00B – $3.50B | $3.00B – $3.50B | Reaffirmed | Apr 22, 2026 |
| annual capacity growth | FY2026 | +1% – +2% | – | New | Oct 24, 2024 |
| capacity | FY2026 | +1.5% | – | Lowered | Jul 22, 2026 |
| full-year growth | FY2026 | +1.2% | – | Narrowed | Oct 21, 2026 |
| full-year growth | FY2026 | +2% | – | New | Apr 22, 2026 |
| annual capacity growth | FY2027 | +1% – +2% | – | New | Oct 24, 2024 |
| ASMs (b), year-over-year | FY2027 | +1% – +2% | – | Reaffirmed | Jan 30, 2025 |
Guidance vs results
The last range Southwest Airlines gave before each report, against the figure it then reported. Full years add up the four quarters.
| Period | Metric | Guidance | Actual | Result |
|---|---|---|---|---|
| Q3 FY2026 | adjusted EPS | $0.50 – $0.75 | $0.66 | Within range |
| Q2 FY2026 | Adjusted EPS | $0.35 – $0.65 | $0.94 | Above range |
| Q1 FY2023 | Revenue growth | +20% – +24% | +21.28% | Within range |
| Q4 FY2022 | Revenue growth | +13% – +17% | +21.57% | Above range |
| Q3 FY2022 | Revenue growth | +8% – +12% | +31.91% | Above range |
Guidance history
Every forecast Southwest Airlines put in an earnings release, newest first
| Given | Metric | Period | Guidance | Change |
|---|---|---|---|---|
| Oct 21, 2026 | net capital spending | FY2026 | $2.50B – $2.75B | New |
| Oct 21, 2026 | Adjusted EPS | Q4 FY2026 | $0.55 – $0.80 | New |
| Oct 21, 2026 | Adjusted EPS | FY2026 | $2.60 – $2.85 | New |
| Oct 21, 2026 | ASMs (a), year-over-year | Q4 FY2026 | +3% – +4% | New |
| Oct 21, 2026 | RASM (b), year-over-year | Q4 FY2026 | +19% – +21% | Raised |
| Oct 21, 2026 | CASM-X (c), year-over-year 1,2 | Q4 FY2026 | +4% – +4.5% | New |
| Oct 21, 2026 | full-year growth | FY2026 | +1.2% | Narrowed |
| Jul 22, 2026 | net capital spending | FY2026 | $3.00B – $3.50B | New |
| Jul 22, 2026 | adjusted EPS | FY2026 | $3.25 – $4.25 | Lowered |
| Jul 22, 2026 | adjusted EPS | Q3 FY2026 | $0.50 – $0.75 | New |
| Jul 22, 2026 | capacity | FY2026 | +1.5% | Lowered |
| Jul 22, 2026 | RASM | Q3 FY2026 | +17.5% – +19.5% | New |
| Jul 22, 2026 | CASM-X | Q3 FY2026 | +3.5% – +4% | New |
| Apr 22, 2026 | net capital spending | FY2026 | $3.00B – $3.50B | Reaffirmed |
| Apr 22, 2026 | full-year adjusted EPS guidance | FY2026 | $4.00 | Reaffirmed |
| Apr 22, 2026 | Adjusted EPS | Q2 FY2026 | $0.35 – $0.65 | New |
| Apr 22, 2026 | full-year growth | FY2026 | +2% | New |
| Apr 22, 2026 | RASM | Q2 FY2026 | +16.5% – +18.5% | New |
| Apr 22, 2026 | CASM-X | Q2 FY2026 | +3.5% – +4% | New |
| Apr 22, 2026 | fuel cost per gallon | Q2 FY2026 | $4 – $4 | New |
| Jan 28, 2026 | net capital spending | FY2026 | $3.00B – $3.50B | New |
| Jan 28, 2026 | Adjusted EPS | FY2026 | $4.00 | New |
| Jan 28, 2026 | fuel cost per gallon | Q1 FY2026 | $2 | New |
| Oct 22, 2025 | capital spending | FY2025 | $2.50B – $3.00B | Reaffirmed |
| Oct 22, 2025 | EBIT | FY2025 | $600.00M – $800.00M | New |
| Oct 22, 2025 | CASM-X | Q4 FY2025 | +1.5% – +2.5% | New |
| Oct 22, 2025 | Fuel cost per gallon | Q4 FY2025 | $2 – $2 | New |
| Jul 23, 2025 | capital spending | FY2025 | $2.50B – $3.00B | New |
| Jul 23, 2025 | EBIT 2 (millions) | FY2025 | $600.00M – $800.00M | New |
| Jul 23, 2025 | capacity | FY2025 | +1% | New |
| Jul 23, 2025 | ASMs per gallon (fuel efficiency) | Q3 FY2025 | 82 – 84 | New |
| Jul 23, 2025 | RASM (a), year-over-year | Q3 FY2025 | -2% – +2% | New |
| Jul 23, 2025 | CASM-X (c), year-over-year 1,4 | Q3 FY2025 | +3.5% – +5.5% | New |
| Jul 23, 2025 | Fuel cost per gallon 3 | Q3 FY2025 | $2 – $3 | New |
| Apr 23, 2025 | capital spending | FY2025 | $2.50B – $3.00B | Reaffirmed |
| Apr 23, 2025 | EBIT 3 contribution from initiatives | FY2025 | $1.80B | New |
| Apr 23, 2025 | EBIT 3 contribution from initiatives | FY2026 | $4.30B | New |
| Apr 23, 2025 | ASMs per gallon (fuel efficiency) | Q2 FY2025 | 82 – 83 | New |
| Apr 23, 2025 | ASMs (b), year-over-year | Q2 FY2025 | +1% – +2% | Reaffirmed |
| Apr 23, 2025 | CASM-X (c), year-over-year 1,5 | Q2 FY2025 | +3.5% – +5.5% | New |
| Apr 23, 2025 | Fuel cost per gallon 1,4 | Q2 FY2025 | $2 – $2 | New |
| Apr 23, 2025 | Scheduled debt repayments (billions) (d) | Q2 FY2025 | $2.60B | Raised |
| Apr 23, 2025 | Interest expense (millions) | Q2 FY2025 | $39.00M | Lowered |
| Apr 23, 2025 | full year 2025 capacity | FY2025 | +1% | Lowered |
| Jan 30, 2025 | capital spending | FY2025 | $2.50B – $3.00B | New |
| Jan 30, 2025 | Operating margin, excluding special items 1,5 | FY2025 | 3% – 5% | New |
| Jan 30, 2025 | ASMs (b), year-over-year | Q1 FY2025 | -3% – -2% | Lowered |
| Jan 30, 2025 | RASM (a), year-over-year | Q1 FY2025 | +5% – +7% | New |
| Jan 30, 2025 | CASM-X (c), year-over-year 1,4 | Q1 FY2025 | +7% – +9% | Raised |
| Jan 30, 2025 | Economic fuel costs per gallon 1,3 | Q1 FY2025 | $3 – $3 | New |
| Jan 30, 2025 | capacity | Q2 FY2025 | +1% – +2% | New |
| Jan 30, 2025 | effective tax rate | FY2025 | 22% – 24% | New |
| Jan 30, 2025 | Return on invested capital ("ROIC") after-tax 6 (d) | FY2025 | 5% – 8% | New |
| Jan 30, 2025 | ASMs (b), year-over-year | FY2025 | +1% – +2% | Reaffirmed |
| Jan 30, 2025 | ASMs per gallon (fuel efficiency) | Q1 FY2025 | 81 – 83 | New |
| Jan 30, 2025 | ASMs (b), year-over-year | FY2027 | +1% – +2% | Reaffirmed |
| Oct 24, 2024 | capital spending | FY2024 | $2.10B | Lowered |
| Oct 24, 2024 | ASMs per gallon (fuel efficiency) | Q4 FY2024 | 81 – 82 | New |
| Oct 24, 2024 | RASM (a), year-over-year | Q4 FY2024 | +3.5% – +5.5% | Raised |
| Oct 24, 2024 | ASMs (b), year-over-year | Q4 FY2024 | -4% | Lowered |
| Oct 24, 2024 | CASM-X (c), year-over-year 1,5 | Q4 FY2024 | +11% – +13% | New |
| Oct 24, 2024 | Economic fuel costs per gallon 1,4 | Q4 FY2024 | $2 – $2 | Lowered |
| Oct 24, 2024 | effective tax rate | FY2024 | 24% | Reaffirmed |
| Oct 24, 2024 | economic fuel costs per gallon | FY2024 | $3 – $3 | Lowered |
| Oct 24, 2024 | capacity | Q1 FY2025 | -3% – -1% | New |
| Oct 24, 2024 | annual capacity growth | FY2025 | +1% – +2% | New |
| Oct 24, 2024 | annual capacity growth | FY2026 | +1% – +2% | New |
| Oct 24, 2024 | annual capacity growth | FY2027 | +1% – +2% | New |
| Jul 25, 2024 | Capital spending | FY2024 | $2.50B | Reaffirmed |
| Jul 25, 2024 | ASMs per gallon (fuel efficiency) | Q3 FY2024 | 81 | New |
| Jul 25, 2024 | ASMs (b), year-over-year | Q3 FY2024 | +2% | Lowered |
| Jul 25, 2024 | CASM-X (c), year-over-year | Q3 FY2024 | +11% – +13% | New |
| Jul 25, 2024 | Fuel hedging premium expense per gallon | Q3 FY2024 | $0 | New |
| Jul 25, 2024 | Fuel hedging cash settlement gains per gallon | Q3 FY2024 | $0 | Lowered |
| Jul 25, 2024 | Scheduled debt repayments (millions) | Q3 FY2024 | $7.00M | Raised |
| Jul 25, 2024 | Interest expense (millions) | Q3 FY2024 | $62.00M | Raised |
| Jul 25, 2024 | Economic fuel costs per gallon | Q3 FY2024 | $3 – $3 | New |
| Jul 25, 2024 | capacity | Q4 FY2024 | -4% | New |
| Jul 25, 2024 | economic fuel costs per gallon | Q4 FY2024 | $3 – $3 | New |
| Jul 25, 2024 | Aircraft (d) | FY2024 | 802 | Reaffirmed |
| Jul 25, 2024 | Effective tax rate | FY2024 | 24% | Lowered |
| Jul 25, 2024 | ASMs (b), year-over-year | FY2024 | +4% | Reaffirmed |
| Jul 25, 2024 | CASM-X (c), year-over-year | FY2024 | +7% – +8% | Reaffirmed |
| Jul 25, 2024 | Fuel hedging premium expense per gallon | FY2024 | $0 | Lowered |
| Jul 25, 2024 | Fuel hedging cash settlement gains per gallon | FY2024 | $0 | Lowered |
| Jul 25, 2024 | Scheduled debt repayments (millions) | FY2024 | $29.00M | Raised |
| Jul 25, 2024 | Interest expense (millions) | FY2024 | $252.00M | Raised |
| Jul 25, 2024 | Economic fuel costs per gallon | FY2024 | $3 – $3 | Reaffirmed |
| Apr 25, 2024 | Capital spending | FY2024 | $2.50B | Lowered |
| Apr 25, 2024 | ASMs per gallon (fuel efficiency) | Q2 FY2024 | 80 – 81 | New |
| Apr 25, 2024 | RASM (a), year-over-year | Q2 FY2024 | -3.5% – -1.5% | Lowered |
| Apr 25, 2024 | ASMs (b), year-over-year | Q2 FY2024 | +8% – +9% | Raised |
| Apr 25, 2024 | CASM-X (c), year-over-year | Q2 FY2024 | +6.5% – +7.5% | New |
| Apr 25, 2024 | Fuel hedging premium expense per gallon | Q2 FY2024 | $0 | New |
| Apr 25, 2024 | Fuel hedging cash settlement gains per gallon | Q2 FY2024 | $0 | Lowered |
| Apr 25, 2024 | Scheduled debt repayments (millions) | Q2 FY2024 | $7.00M | Raised |
| Apr 25, 2024 | Interest expense (millions) | Q2 FY2024 | $62.00M | Raised |
| Apr 25, 2024 | Economic fuel costs per gallon | Q2 FY2024 | $3 – $3 | New |
| Apr 25, 2024 | Effective tax rate | FY2024 | 24% – 25% | New |
| Apr 25, 2024 | ASMs (b), year-over-year | FY2024 | +4% | Lowered |
| Apr 25, 2024 | CASM-X (c), year-over-year | FY2024 | +7% – +8% | Raised |
| Apr 25, 2024 | Fuel hedging premium expense per gallon | FY2024 | $0 | Lowered |
| Apr 25, 2024 | Fuel hedging cash settlement gains per gallon | FY2024 | $0 | Lowered |
| Apr 25, 2024 | Scheduled debt repayments (millions) | FY2024 | $29.00M | Raised |
| Apr 25, 2024 | Interest expense (millions) | FY2024 | $252.00M | Raised |
| Apr 25, 2024 | Economic fuel costs per gallon | FY2024 | $3 – $3 | Raised |
| Apr 25, 2024 | Aircraft | FY2024 | 802 | Lowered |
| Jan 25, 2024 | Capital spending | FY2024 | $3.50B – $4.00B | New |
| Jan 25, 2024 | ASMs per gallon (fuel efficiency) | Q1 FY2024 | 79 – 81 | New |
| Jan 25, 2024 | RASM | Q1 FY2024 | +2.5% – +4.5% | Lowered |
| Jan 25, 2024 | capacity | Q1 FY2024 | +10% | Raised |
| Jan 25, 2024 | CASM-X | Q1 FY2024 | +6% – +7% | New |
| Jan 25, 2024 | Fuel hedging premium expense per gallon | Q1 FY2024 | $0 | New |
| Jan 25, 2024 | Fuel hedging cash settlement gains per gallon | Q1 FY2024 | $0 | Lowered |
| Jan 25, 2024 | Scheduled debt repayments | Q1 FY2024 | $7.00M | Raised |
| Jan 25, 2024 | Interest expense | Q1 FY2024 | $62.00M | Raised |
| Jan 25, 2024 | economic fuel costs per gallon | Q1 FY2024 | $3 – $3 | New |
| Jan 25, 2024 | capacity | Q2 FY2024 | +8% – +10% | New |
| Jan 25, 2024 | capacity | Q3 FY2024 | +3% – +5% | New |
| Jan 25, 2024 | aircraft | FY2024 | 847 | New |
| Jan 25, 2024 | effective tax rate | FY2024 | 23% – 24% | New |
| Jan 25, 2024 | available seat miles | FY2024 | +6% | Lowered |
| Jan 25, 2024 | CASM-X | FY2024 | +6% – +7% | New |
| Jan 25, 2024 | Fuel hedging premium expense per gallon | FY2024 | $0 | New |
| Jan 25, 2024 | Fuel hedging cash settlement gains per gallon | FY2024 | $0 | Lowered |
| Jan 25, 2024 | Scheduled debt repayments | FY2024 | $29.00M | Raised |
| Jan 25, 2024 | economic fuel costs per gallon | FY2024 | $3 – $3 | New |
| Jan 25, 2024 | Interest expense | FY2024 | $249.00M | Raised |
| Oct 26, 2023 | Aircraft | FY2023 | 814 | Reaffirmed |
| Oct 26, 2023 | capacity | FY2024 | +6% – +8% | New |
| Oct 26, 2023 | capacity | Q1 FY2024 | +10% – +12% | New |
| Oct 26, 2023 | Economic fuel costs per gallon | FY2023 | $3 – $3 | Raised |
| Oct 26, 2023 | Interest expense | FY2023 | $256.00M | Raised |
| Oct 26, 2023 | Scheduled debt repayments | FY2023 | $85.00M | Raised |
| Oct 26, 2023 | Fuel hedging cash settlement gains per gallon | FY2023 | $0 | Raised |
| Oct 26, 2023 | Fuel hedging premium expense per gallon | FY2023 | $0 | Lowered |
| Oct 26, 2023 | CASM-X | FY2023 | -2% – -1% | Reaffirmed |
| Oct 26, 2023 | ASMs | FY2023 | +14% – +15% | Reaffirmed |
| Oct 26, 2023 | Effective tax rate | FY2023 | 23% | Lowered |
| Oct 26, 2023 | Economic fuel costs per gallon | Q4 FY2023 | $3 – $3 | New |
| Oct 26, 2023 | Interest expense | Q4 FY2023 | $63.00M | Raised |
| Oct 26, 2023 | Scheduled debt repayments | Q4 FY2023 | $7.00M | Raised |
| Oct 26, 2023 | Fuel hedging cash settlement gains per gallon | Q4 FY2023 | $0 | Raised |
| Oct 26, 2023 | Fuel hedging premium expense per gallon | Q4 FY2023 | $0 | New |
| Oct 26, 2023 | CASM-X | Q4 FY2023 | -19% – -16% | New |
| Oct 26, 2023 | ASMs | Q4 FY2023 | +21% | Raised |
| Oct 26, 2023 | RASM | Q4 FY2023 | -11% – -9% | Lowered |
| Oct 26, 2023 | ASMs per gallon (fuel efficiency) | Q4 FY2023 | 78 – 80 | New |
| Jul 27, 2023 | Capital spending | FY2023 | $3.50B | Reaffirmed |
| Jul 27, 2023 | ASMs per gallon (fuel efficiency) | Q3 FY2023 | 79 – 80 | New |
| Jul 27, 2023 | RASM | Q3 FY2023 | -7% – -3% | Lowered |
| Jul 27, 2023 | ASMs | Q3 FY2023 | +12% | Raised |
| Jul 27, 2023 | CASM-X | Q3 FY2023 | +3.5% – +6.5% | New |
| Jul 27, 2023 | Fuel hedging premium expense per gallon | Q3 FY2023 | $0 | New |
| Jul 27, 2023 | Fuel hedging cash settlement gains per gallon | Q3 FY2023 | $0 | Raised |
| Jul 27, 2023 | Scheduled debt repayments | Q3 FY2023 | $8.00M | Raised |
| Jul 27, 2023 | Interest expense | Q3 FY2023 | $63.00M | Raised |
| Jul 27, 2023 | Economic fuel costs per gallon | Q3 FY2023 | $3 – $3 | New |
| Jul 27, 2023 | Aircraft | FY2023 | 814 | Reaffirmed |
| Jul 27, 2023 | Effective tax rate | FY2023 | 23% – 24% | Reaffirmed |
| Jul 27, 2023 | ASMs | FY2023 | +14% – +15% | Reaffirmed |
| Jul 27, 2023 | CASM-X | FY2023 | -2% – -1% | Raised |
| Jul 27, 2023 | Fuel hedging premium expense per gallon | FY2023 | $0 | Lowered |
| Jul 27, 2023 | Fuel hedging cash settlement gains per gallon | FY2023 | $0 | Raised |
| Jul 27, 2023 | Scheduled debt repayments | FY2023 | $83.00M | Raised |
| Jul 27, 2023 | Interest expense | FY2023 | $255.00M | Raised |
| Jul 27, 2023 | Economic fuel costs per gallon | FY2023 | $3 – $3 | Raised |
| Apr 27, 2023 | capital spending | FY2023 | $3.50B | Lowered |
| Apr 27, 2023 | Interest expense (millions) | Q2 FY2023 | $65.00M | Raised |
| Apr 27, 2023 | ASMs per gallon (fuel efficiency) | Q2 FY2023 | 78 – 80 | New |
| Apr 27, 2023 | RASM (a), year-over-year | Q2 FY2023 | -11% – -8% | Lowered |
| Apr 27, 2023 | ASMs (b), year-over-year | Q2 FY2023 | +14% | Raised |
| Apr 27, 2023 | CASM-X | Q2 FY2023 | +5% – +8% | New |
| Apr 27, 2023 | Fuel hedging premium expense per gallon | Q2 FY2023 | $0 | New |
| Apr 27, 2023 | Fuel hedging cash settlement gains per gallon | Q2 FY2023 | $0 | Raised |
| Apr 27, 2023 | Scheduled debt repayments (millions) | Q2 FY2023 | $10.00M | Raised |
| Apr 27, 2023 | Economic fuel costs per gallon | Q2 FY2023 | $2 – $3 | New |
| Apr 27, 2023 | capacity | Q3 FY2023 | +11% – +13% | New |
| Apr 27, 2023 | capacity | Q4 FY2023 | +20% – +22% | New |
| Apr 27, 2023 | aircraft | FY2023 | 814 | Lowered |
| Apr 27, 2023 | Effective tax rate | FY2023 | 23% – 24% | Reaffirmed |
| Apr 27, 2023 | capacity | FY2023 | +14% – +15% | Lowered |
| Apr 27, 2023 | CASM-X | FY2023 | -4% – -2% | Raised |
| Apr 27, 2023 | Fuel hedging premium expense per gallon | FY2023 | $0 | Lowered |
| Apr 27, 2023 | Fuel hedging cash settlement gains per gallon | FY2023 | $0 | Raised |
| Apr 27, 2023 | Scheduled debt repayments (millions) | FY2023 | $85.00M | Raised |
| Apr 27, 2023 | Interest expense (millions) | FY2023 | $250.00M | Raised |
| Apr 27, 2023 | Economic fuel costs per gallon | FY2023 | $3 – $3 | Lowered |
| Jan 26, 2023 | Capital spending | FY2023 | $4.00B – $4.50B | New |
| Jan 26, 2023 | ASMs per gallon (fuel efficiency) | Q1 FY2023 | 78 – 80 | New |
| Jan 26, 2023 | ASMs, year-over-year | Q1 FY2023 | +10% | Reaffirmed |
| Jan 26, 2023 | CASM-X, year-over-year | Q1 FY2023 | +2% – +4% | New |
| Jan 26, 2023 | Fuel hedging premium expense per gallon | Q1 FY2023 | $0 | New |
| Jan 26, 2023 | Fuel hedging cash settlement gains per gallon | Q1 FY2023 | $0 | Raised |
| Jan 26, 2023 | Scheduled debt repayments | Q1 FY2023 | $60.00M | Raised |
| Jan 26, 2023 | Interest expense | Q1 FY2023 | $65.00M | Raised |
| Jan 26, 2023 | Economic fuel costs per gallon | Q1 FY2023 | $3 – $3 | New |
| Jan 26, 2023 | capacity | Q2 FY2023 | +14% | Reaffirmed |
| Jan 26, 2023 | Aircraft | FY2023 | 843 | New |
| Jan 26, 2023 | Effective tax rate | FY2023 | 23% – 24% | New |
| Jan 26, 2023 | ASMs, year-over-year | FY2023 | +16% – +17% | New |
| Jan 26, 2023 | CASM-X, year-over-year | FY2023 | -8% – -6% | New |
| Jan 26, 2023 | Fuel hedging premium expense per gallon | FY2023 | $0 | New |
| Jan 26, 2023 | Fuel hedging cash settlement gains per gallon | FY2023 | $0 | Raised |
| Jan 26, 2023 | Scheduled debt repayments | FY2023 | $85.00M | Raised |
| Jan 26, 2023 | Interest expense | FY2023 | $250.00M | Raised |
| Jan 26, 2023 | Economic fuel costs per gallon | FY2023 | $3 – $3 | New |
| Jan 26, 2023 | Operating revenue, year-over-year | Q1 FY2023 | +20% – +24% | New |
| Oct 27, 2022 | Capital spending | FY2022 | $4.00B | Reaffirmed |
| Oct 27, 2022 | ASMs per gallon (fuel efficiency) | Q4 FY2022 | 77 – 79 | New |
| Oct 27, 2022 | ASMs compared with 2019 | Q4 FY2022 | +2% | New |
| Oct 27, 2022 | CASM-X compared with 2019 | Q4 FY2022 | +14% – +18% | New |
| Oct 27, 2022 | Fuel hedging premium expense per gallon | Q4 FY2022 | $0 | New |
| Oct 27, 2022 | Fuel hedging cash settlement gains per gallon | Q4 FY2022 | $0 | Raised |
| Oct 27, 2022 | Scheduled debt repayments (millions) | Q4 FY2022 | $320.00M | Raised |
| Oct 27, 2022 | Interest expense (millions) | Q4 FY2022 | $70.00M | Lowered |
| Oct 27, 2022 | Economic fuel costs per gallon | Q4 FY2022 | $3 – $3 | New |
| Oct 27, 2022 | Aircraft | FY2022 | 768 | Raised |
| Oct 27, 2022 | Effective tax rate | FY2022 | 24% – 26% | Reaffirmed |
| Oct 27, 2022 | ASMs compared with 2019 | FY2022 | +4.5% | Raised |
| Oct 27, 2022 | CASM-X compared with 2019 | FY2022 | +14% – +15% | Narrowed |
| Oct 27, 2022 | Fuel hedging premium expense per gallon | FY2022 | $0 | Lowered |
| Oct 27, 2022 | Fuel hedging cash settlement gains per gallon | FY2022 | $1 | Raised |
| Oct 27, 2022 | Scheduled debt repayments | FY2022 | $2.60B | Raised |
| Oct 27, 2022 | Interest expense (millions) | FY2022 | $340.00M | Lowered |
| Oct 27, 2022 | Economic fuel costs per gallon | FY2022 | $3 – $3 | Raised |
| Oct 27, 2022 | capacity | Q1 FY2023 | +10% | New |
| Oct 27, 2022 | capacity | Q2 FY2023 | +14% | New |
| Oct 27, 2022 | Operating revenue compared with 2019 | Q4 FY2022 | +13% – +17% | New |
| Jul 28, 2022 | Capital spending | FY2022 | $4.00B | Lowered |
| Jul 28, 2022 | ASMs per gallon (fuel efficiency) | Q3 FY2022 | 76 – 78 | New |
| Jul 28, 2022 | CASM-X (c) compared with 2019 | Q3 FY2022 | +12% – +15% | New |
| Jul 28, 2022 | Fuel hedging premium expense per gallon | Q3 FY2022 | $0 | New |
| Jul 28, 2022 | Fuel hedging cash settlement gains per gallon | Q3 FY2022 | $0 | Raised |
| Jul 28, 2022 | Scheduled debt repayments | Q3 FY2022 | $55.00M | Raised |
| Jul 28, 2022 | Interest expense | Q3 FY2022 | $90.00M | Raised |
| Jul 28, 2022 | Economic fuel costs per gallon | Q3 FY2022 | $3 – $3 | New |
| Jul 28, 2022 | Aircraft | FY2022 | 765 | Lowered |
| Jul 28, 2022 | Effective tax rate | FY2022 | 24% – 26% | Raised |
| Jul 28, 2022 | CASM-X (c) compared with 2019 | FY2022 | +12% – +16% | Reaffirmed |
| Jul 28, 2022 | Fuel hedging premium expense per gallon | FY2022 | $0 | Lowered |
| Jul 28, 2022 | Fuel hedging cash settlement gains per gallon | FY2022 | $1 | Raised |
| Jul 28, 2022 | Scheduled debt repayments | FY2022 | $820.00M | Raised |
| Jul 28, 2022 | Interest expense | FY2022 | $360.00M | Lowered |
| Jul 28, 2022 | Economic fuel costs per gallon | FY2022 | $3 – $3 | Raised |
| Jul 28, 2022 | Aircraft | Q3 FY2022 | 741 | New |
| Jul 28, 2022 | Operating revenue compared with 2019 | Q3 FY2022 | +8% – +12% | New |
| Apr 28, 2022 | Capital spending | FY2022 | $5.00B | New |
| Apr 28, 2022 | ASMs compared with 2019 | Q2 FY2022 | -7% | New |
| Apr 28, 2022 | ASMs per gallon (fuel efficiency) | Q2 FY2022 | 76 – 78 | New |
| Apr 28, 2022 | Load factor | Q2 FY2022 | 85% | New |
| Apr 28, 2022 | CASM-X (b) compared with 2019 | Q2 FY2022 | +14% – +18% | New |
| Apr 28, 2022 | Fuel hedging premium expense per gallon | Q2 FY2022 | $0 | New |
| Apr 28, 2022 | Fuel hedging cash settlement gains per gallon | Q2 FY2022 | $1 | Raised |
| Apr 28, 2022 | Debt repayments | Q2 FY2022 | $20.00M | Raised |
| Apr 28, 2022 | Interest expense | Q2 FY2022 | $90.00M | New |
| Apr 28, 2022 | Economic fuel costs per gallon | Q2 FY2022 | $3 – $3 | New |
| Apr 28, 2022 | Aircraft | FY2022 | 814 | Reaffirmed |
| Apr 28, 2022 | Effective tax rate | FY2022 | 24% – 26% | New |
| Apr 28, 2022 | ASMs compared with 2019 | FY2022 | -4% | Reaffirmed |
| Apr 28, 2022 | CASM-X (b) compared with 2019 | FY2022 | +12% – +16% | Reaffirmed |
| Apr 28, 2022 | Fuel hedging premium expense per gallon | FY2022 | $0 | Lowered |
| Apr 28, 2022 | Fuel hedging cash settlement gains per gallon | FY2022 | $1 | Raised |
| Apr 28, 2022 | Debt repayments | FY2022 | $650.00M | Raised |
| Apr 28, 2022 | Interest expense | FY2022 | $360.00M | New |
| Apr 28, 2022 | Economic fuel costs per gallon | FY2022 | $3 – $3 | Raised |
| Apr 28, 2022 | Operating revenue compared with 2019 | Q2 FY2022 | +8% – +12% | New |
| Jan 27, 2022 | Capital spending | FY2022 | $5.00B | Raised |
| Jan 27, 2022 | Aircraft | Q1 FY2022 | 725 | New |
| Jan 27, 2022 | Load factor | Q1 FY2022 | 75% – 80% | New |
| Jan 27, 2022 | ASMs compared with 2019 | Q1 FY2022 | -9% | New |
| Jan 27, 2022 | CASM-X (b) compared with 2019 | Q1 FY2022 | +20% – +24% | New |
| Jan 27, 2022 | Fuel hedging premium expense per gallon | Q1 FY2022 | $0 | New |
| Jan 27, 2022 | Fuel hedging cash settlement gains per gallon | Q1 FY2022 | $0 | Raised |
| Jan 27, 2022 | Debt repayments | Q1 FY2022 | $60.00M | Raised |
| Jan 27, 2022 | Interest expense | Q1 FY2022 | $90.00M | Raised |
| Jan 27, 2022 | Economic fuel costs per gallon | Q1 FY2022 | $2 – $2 | New |
| Jan 27, 2022 | Aircraft | FY2022 | 814 | New |
| Jan 27, 2022 | Effective tax rate | FY2022 | 23% – 25% | New |
| Jan 27, 2022 | ASMs compared with 2019 | FY2022 | -4% | New |
| Jan 27, 2022 | CASM-X (b) compared with 2019 | FY2022 | +12% – +16% | New |
| Jan 27, 2022 | Fuel hedging premium expense per gallon | FY2022 | $0 | New |
| Jan 27, 2022 | Fuel hedging cash settlement gains per gallon | FY2022 | $0 | Raised |
| Jan 27, 2022 | Interest expense | FY2022 | $360.00M | Lowered |
| Jan 27, 2022 | Economic fuel costs per gallon | FY2022 | $2 – $2 | New |
| Jan 27, 2022 | Debt repayments | FY2022 | $455.00M | Raised |
| Jan 27, 2022 | Operating revenue compared with 2019 | Q1 FY2022 | -15% – -10% | New |
| Oct 21, 2021 | capital expenditures | FY2021 | $500.00M – $600.00M | New |
| Oct 21, 2021 | contractual aircraft capital expenditures | FY2022 | $1.70B | New |
| Oct 21, 2021 | operating expenses, excluding fuel and oil expense, special items, and profitsharing | Q4 FY2021 | +8% – +12% | New |
| Oct 21, 2021 | interest expense | Q4 FY2021 | $115.00M | New |
| Oct 21, 2021 | economic fuel costs per gallon | Q4 FY2021 | $2 – $2 | New |
| Oct 21, 2021 | effective tax rate | FY2021 | 27% | New |
Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.
Press releases
Releases Southwest Airlines filed with the SEC as exhibits to Form 8-K or 6-K
- Results
- Results
- Results
- Results
- Results
- Results
- Results
- Results
- Results
- Results
- Update
- Update
- Update
- Update
- Results