secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHWEST AIRLINES CO (LUV)
CIK:        0000092380
Form:       8-K
Filed at:   2024-02-06T23:59:59+00:00
Accession:  0000092380-24-000026
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Southwest Airlines updates Q4 2023 with additional $51M pilot bonus expense; lowers 2024 CASM-X guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/92380/000009238024000026/0000092380-24-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92380/000009238024000026/luv-20240206.htm
  HTML page:      https://secwatch.observer/filing/0000092380-24-000026

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer