{"schema_version":"secwatch.filing_event.v1","accession":"0000092380-24-000026","form_type":"8-K","ticker":"LUV","cik":"0000092380","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2024-02-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.312412+00:00","generated_at":"2026-06-06T08:52:17.672715+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Southwest Airlines updates Q4 2023 with additional $51M pilot bonus expense; lowers 2024 CASM-X guidance","bullets":["Additional $51M expense accrued in Q4 2023 for pilot ratification bonus and payroll taxes.","Q1 2024 CASM-X guidance lowered to 5-6% YoY (prev. 6-7%).","Full-year 2024 CASM-X guidance narrowed to 5.5-7% (prev. 6-7%).","Other guidance (RASM, ASMs, fuel costs, capex) unchanged from Jan 25 release.","Pilot bonus accrual refined after Jan 22, 2024 CBA ratification; incremental expense reflects final estimate."],"urls":{"canonical":"https://secwatch.observer/filing/0000092380-24-000026","json":"https://secwatch.observer/filing/0000092380-24-000026.json","markdown":"https://secwatch.observer/filing/0000092380-24-000026.md","text":"https://secwatch.observer/filing/0000092380-24-000026.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/92380/000009238024000026/0000092380-24-000026-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/92380/000009238024000026/luv-20240206.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T08:52:17.672715+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e0e8067d17ef5fe67e5a30b6b5e357474e78338c","claim":"SOUTHWEST AIRLINES CO updated its fourth quarter and full year 2023 guidance (reaffirmed).","evidence_excerpt":"On January 25, 2024, Southwest Airlines Co. (the “Company”) issued a press release announcing its financial results for the fourth quarter and full year 2023 (the “2023 Earnings Release”), referencing a change in estimate related to the the ratification bonus for its Pilots which was recorded in fourth quarter 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/92380/000009238024000026/0000092380-24-000026-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter and full year 2023"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}