secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHWEST AIRLINES CO (LUV)
CIK:        0000092380
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0000092380-23-000007
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/92380/000009238023000007/0000092380-23-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92380/000009238023000007/luv-20230126.htm
  HTML page:      https://secwatch.observer/filing/0000092380-23-000007

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer