secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHWEST AIRLINES CO (LUV)
CIK:        0000092380
Form:       8-K
Filed at:   2023-12-13T23:59:59+00:00
Accession:  0000092380-23-000055
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/92380/000009238023000055/0000092380-23-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92380/000009238023000055/luv-20231213.htm
  HTML page:      https://secwatch.observer/filing/0000092380-23-000055

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