---
schema_version: "secwatch.filing_event.v1"
accession: "0000092380-24-000003"
form_type: "8-K"
ticker: "LUV"
cik: "0000092380"
company_name: "SOUTHWEST AIRLINES CO"
filed_at: "2024-01-25T23:59:59+00:00"
generated_at: "2026-06-06T18:54:31.242140+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Southwest Q4 GAAP loss $0.37/sh but adjusted profit $0.37; record revenue; 2024 margin expansion expected

## Summary
- Q4 GAAP net loss $219M ($0.37/sh); adjusted net income $233M ($0.37/sh); full-year adjusted EPS $1.57.
- Record Q4 revenue $6.8B (+10.5% YoY); full-year revenue $26.1B (+9.6% YoY).
- Q1 2024 RASM outlook +2.5-4.5% YoY; capacity +~10% Q1, +~6% full year; CASM-X +6-7% full year.
- Expects ~$1.5B incremental pre-tax profit in 2024; aims to earn cost of capital and expand operating margin.
- Ended 2023 with $11.5B cash; net cash $3.5B; 2024 capex $3.5-4.0B; plans headcount flat to down YoY.

## SEC filing metadata
- accession: 0000092380-24-000003
- form_type: 8-K
- ticker: LUV
- cik: 0000092380
- company_name: SOUTHWEST AIRLINES CO
- filed_at: 2024-01-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/92380/000009238024000003/0000092380-24-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/92380/000009238024000003/luv-20240125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000092380-24-000003
- JSON: https://secwatch.observer/filing/0000092380-24-000003.json
- Plain text: https://secwatch.observer/filing/0000092380-24-000003.txt

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