secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHWEST AIRLINES CO (LUV)
CIK:        0000092380
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0000092380-23-000036
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/92380/000009238023000036/0000092380-23-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92380/000009238023000036/luv-20230727.htm
  HTML page:      https://secwatch.observer/filing/0000092380-23-000036

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