---
schema_version: "secwatch.filing_event.v1"
accession: "0000092380-24-000047"
form_type: "8-K"
ticker: "LUV"
cik: "0000092380"
company_name: "SOUTHWEST AIRLINES CO"
filed_at: "2024-03-12T23:59:59+00:00"
generated_at: "2026-06-04T23:37:03.907913+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Southwest cuts Q1 RASM guidance, expects net loss; Boeing delivery delay reduces capacity plans

## Summary
- Q1 RASM guidance cut to flat-to-up-2% (prev 2.5-4.5%); expects Q1 net loss, but profitability in March.
- Boeing cuts 2024 deliveries to 46 (prev 79); zero -7 deliveries; H2 capacity growth cut by at least 1 point.
- CASM-X guidance raised to up ~6% (prev 5-6%); hiring halted for pilots and flight attendants; year-end headcount down YoY.
- Economic fuel cost guidance raised to $2.95-$3.00/gal (prev $2.70-$2.80).
- Full year 2024 guidance including capex to be updated with Q1 earnings on April 25.

## SEC filing metadata
- accession: 0000092380-24-000047
- form_type: 8-K
- ticker: LUV
- cik: 0000092380
- company_name: SOUTHWEST AIRLINES CO
- filed_at: 2024-03-12T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/92380/000009238024000047/0000092380-24-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/92380/000009238024000047/luv-20240312.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000092380-24-000047
- JSON: https://secwatch.observer/filing/0000092380-24-000047.json
- Plain text: https://secwatch.observer/filing/0000092380-24-000047.txt

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