Southwest Airlines Q4 net loss $220M; Dec disruptions cost $800M pretax; guides Q1 net loss

SOUTHWEST AIRLINES CO

2022-FY EPS reported $0.87 revenue$23,814,000,000

Q4 net loss $220M ($0.37 loss per diluted share); adjusted loss $226M ($0.38).
Dec operational disruptions cost ~$800M pretax, caused 16,700 flight cancellations.
Record Q4 revenue $6.2B (+7.7% vs 2019); full year revenue $23.8B (+6.2% vs 2019).
Expects Q1 2023 net loss; full year 2023 solid profits with margin expansion.
Q1 revenue guidance up 20-24% YoY; Q1 CASM-X up 2-4% (two points worse than prior).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SOUTHWEST AIRLINES CO reported fourth quarter 2022 results: revenue $6.2 billion, net income $220 million, EPS ($0.37) loss per diluted share.

Period: fourth quarter 2022
Revenue: $6.2 billion
Net income: $220 million
EPS: ($0.37) loss per diluted share
Result: reported results

Exact text from the filing

Fourth quarter net loss of $220 million, or $0.37 loss per diluted share • Fourth quarter net loss, excluding special items 1 , of $226 million , or $0.38 loss per diluted share • Full year net income of $539 million, or $0.87 per diluted share • Full year net income, excluding special items, of $723 million , or $1.16 per diluted share • Record fourth quarter and full year operating revenues of $6.2 billion and $23.8 billion, respectively

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SOUTHWEST AIRLINES CO reported full year 2022 results: revenue $23.8 billion, net income $539 million, EPS $0.87 per diluted share.

Period: full year 2022
Revenue: $23.8 billion
Net income: $539 million
EPS: $0.87 per diluted share
Result: reported results

Exact text from the filing

Full year net income of $539 million, or $0.87 per diluted share • Full year net income, excluding special items, of $723 million , or $1.16 per diluted share • Record fourth quarter and full year operating revenues of $6.2 billion and $23.8 billion, respectively

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Source: SEC EDGAR

accession 0000092380-23-000007

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