{"schema_version":"secwatch.filing_event.v1","accession":"0000092380-23-000021","form_type":"8-K","ticker":"LUV","cik":"0000092380","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2023-04-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.840004+00:00","generated_at":"2026-06-16T10:59:37.950621+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Southwest Q1 net loss $159M; record revenue $5.7B; cuts 2023 capacity and capex guidance on Boeing delays","bullets":["Net loss $159M ($0.27 loss per share); record Q1 revenue $5.7B (+21.6% YoY).","December 2022 disruption cost ~$380M pre-tax; $325M negative revenue impact mostly in Jan/Feb.","2023 capacity growth cut to 14-15% from 15-16% due to Boeing delivery delays (70 vs 90 aircraft).","2023 CASM-X guidance revised to down 2-4% (from down 3.5-5.5%); capex reduced to $3.5B.","Liquidity $12.7B; net cash $3.6B; $214M in dividends paid in Q1."],"urls":{"canonical":"https://secwatch.observer/filing/0000092380-23-000021","json":"https://secwatch.observer/filing/0000092380-23-000021.json","markdown":"https://secwatch.observer/filing/0000092380-23-000021.md","text":"https://secwatch.observer/filing/0000092380-23-000021.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/92380/000009238023000021/0000092380-23-000021-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/92380/000009238023000021/luv-20230427.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T10:59:37.950621+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"92f6db5b63e3bd5f4ae6ca0f8a286645ede23e3a","claim":"SOUTHWEST AIRLINES CO reported first quarter 2023 results: revenue $5.7 billion, net income Net loss of $159 million, or $0.27 loss per diluted share, EPS $0.27 loss per diluted share.","evidence_excerpt":"million, or $0.27 loss per diluted share • Net loss, excluding special items 1 , of $163 million, or $0.27 loss per diluted share • Record first quarter operating revenues of $5.7 billion • Liquidity 2 of $12.7 billion, well in excess of debt outstanding of $8.0 billion Bob Jordan, President and Chief Executive Officer, stated, \"As expected, we incurred a first","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/92380/000009238023000021/0000092380-23-000021-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter 2023"},{"label":"Revenue","value":"$5.7 billion"},{"label":"Net income","value":"Net loss of $159 million, or $0.27 loss per diluted share"},{"label":"EPS","value":"$0.27 loss per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}