---
schema_version: "secwatch.filing_event.v1"
accession: "0000092380-23-000007"
form_type: "8-K"
ticker: "LUV"
cik: "0000092380"
company_name: "SOUTHWEST AIRLINES CO"
filed_at: "2023-01-26T23:59:59+00:00"
generated_at: "2026-06-20T08:58:54.304808+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0000092380-23-000007
- form_type: 8-K
- ticker: LUV
- cik: 0000092380
- company_name: SOUTHWEST AIRLINES CO
- filed_at: 2023-01-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/92380/000009238023000007/0000092380-23-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/92380/000009238023000007/luv-20230126.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000092380-23-000007
- JSON: https://secwatch.observer/filing/0000092380-23-000007.json
- Plain text: https://secwatch.observer/filing/0000092380-23-000007.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/92380/000009238023000007/0000092380-23-000007-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/92380/000009238023000007/0000092380-23-000007-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.