---
schema_version: "secwatch.filing_event.v1"
accession: "0000092380-23-000036"
form_type: "8-K"
ticker: "LUV"
cik: "0000092380"
company_name: "SOUTHWEST AIRLINES CO"
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T01:59:54.648320+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Southwest Q2 net income $683M ($1.08 EPS); record revenue $7.0B; sees 3Q RASM down 3-7%

## Summary
- Net income $683M, diluted EPS $1.08; adjusted net income $693M, EPS $1.09.
- Record quarterly operating revenue $7.0B, up 4.6% YoY; RASM -8.3% YoY driven by breakage normalization.
- 3Q RASM guidance -3% to -7% YoY; full-year CASM-X now -1% to -2% (prior -2% to -4%).
- Q2 economic fuel cost $2.60/gal; 3Q guidance $2.55-$2.65; full-year raised to $2.70-$2.80 from $2.60-$2.70.
- 2023 ASMs +14-15% YoY; 1Q24 +14-16%; plans 70 -8 deliveries and 26 -700 retirements in 2023.

## SEC filing metadata
- accession: 0000092380-23-000036
- form_type: 8-K
- ticker: LUV
- cik: 0000092380
- company_name: SOUTHWEST AIRLINES CO
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/92380/000009238023000036/0000092380-23-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/92380/000009238023000036/luv-20230727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000092380-23-000036
- JSON: https://secwatch.observer/filing/0000092380-23-000036.json
- Plain text: https://secwatch.observer/filing/0000092380-23-000036.txt

## Key facts
- Earnings Releases
  SOUTHWEST AIRLINES CO reported second quarter 2023 results: revenue $7.0 billion, net income $683 million, EPS $1.08 per diluted share.
  - Period: second quarter 2023
  - Revenue: $7.0 billion
  - Net income: $683 million
  - EPS: $1.08 per diluted share
  - Result: reported results
  source text: • Net income of $683 million, or $1.08 per diluted share • Net income, excluding special items 1 , of $693 million, or $1.09 per diluted share • Record quarterly operating revenues of $7.0 billion
  evidence_url: https://www.sec.gov/Archives/edgar/data/92380/000009238023000036/0000092380-23-000036-index.htm

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