---
schema_version: "secwatch.filing_event.v1"
accession: "0000092380-23-000055"
form_type: "8-K"
ticker: "LUV"
cik: "0000092380"
company_name: "SOUTHWEST AIRLINES CO"
filed_at: "2023-12-13T23:59:59+00:00"
generated_at: "2026-06-07T13:55:07.031211+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Southwest narrows Q4 RASM guidance to down 9-10%, raises fuel cost view to $3.00-3.10

## Summary
- Q4 RASM year-over-year guidance improved to down 9-10% from prior down 9-11%.
- Economic fuel cost per gallon raised to $3.00-3.10 from $2.90-3.00 due to higher market prices.
- Leisure demand strong with record Thanksgiving revenue; close-in bookings at better end.
- Capacity guidance unchanged: Q1 2024 up 10-12%, FY 2024 up 6-8%, FY 2025+ moderated to low-mid single digit ASM growth.
- Long-term ROIC goal of well above WACC; CASM-X guidance unchanged including labor accruals.

## SEC filing metadata
- accession: 0000092380-23-000055
- form_type: 8-K
- ticker: LUV
- cik: 0000092380
- company_name: SOUTHWEST AIRLINES CO
- filed_at: 2023-12-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/92380/000009238023000055/0000092380-23-000055-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/92380/000009238023000055/luv-20231213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000092380-23-000055
- JSON: https://secwatch.observer/filing/0000092380-23-000055.json
- Plain text: https://secwatch.observer/filing/0000092380-23-000055.txt

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