secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHWEST AIRLINES CO (LUV)
CIK:        0000092380
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0000092380-24-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/92380/000009238024000003/0000092380-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92380/000009238024000003/luv-20240125.htm
  HTML page:      https://secwatch.observer/filing/0000092380-24-000003

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