secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHWEST AIRLINES CO (LUV)
CIK:        0000092380
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0000092380-23-000047
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Southwest Q3 EPS $0.31 ($0.38 adj), record rev $6.5B; lowers Q1 2024 capacity growth to 10-12%
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- Net income $193M ($0.31 diluted EPS); ex-special items $240M ($0.38). Record Q3 revenue $6.5B (+4.9% YoY).
- Q4 2023 RASM expected down 9-11% YoY; CASM-X down 16-19% YoY (15pts from Dec 2022 disruption).
- Full year 2024 capacity growth slowed to 6-8% YoY; Q1 2024 lowered to 10-12% from prior 14-16%.
- New Boeing order book extends to 2031: 302 -7, 271 -8 firm orders, 207 options (780 total).
- Tentative Flight Attendant agreement reached; $96M special item for ratification bonus.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/92380/000009238023000047/0000092380-23-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92380/000009238023000047/luv-20231026.htm
  HTML page:      https://secwatch.observer/filing/0000092380-23-000047

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