secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHWEST AIRLINES CO (LUV)
CIK:        0000092380
Form:       8-K
Filed at:   2024-03-12T23:59:59+00:00
Accession:  0000092380-24-000047
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/92380/000009238024000047/0000092380-24-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92380/000009238024000047/luv-20240312.htm
  HTML page:      https://secwatch.observer/filing/0000092380-24-000047

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