Southwest Q1 net loss $231M; record revenue $6.3B; Boeing 737 deliveries cut to ~20

SOUTHWEST AIRLINES CO

2024-Q1 EPS reported -$0.39 revenue$6,329,000,000

Net loss $231M ($0.39 diluted loss); adjusted loss $218M ($0.36 diluted).
Record Q1 revenue $6.3B (+10.9% YoY); RASM flat, low end of guidance.
Boeing delivery delays: 2024 deliveries now ~20 (-8) vs prior 46; fleet ends year at ~802.
Closing four airports (Bellingham, Cozumel, Houston-IAH, Syracuse) on Aug 4, 2024; ~2,000 fewer employees by year-end.
FY 2024 capacity growth cut to ~4% (from ~6%); CASM-X guidance raised to 7-8% (from 5.5-7%).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SOUTHWEST AIRLINES CO reported first quarter 2024 results: revenue $6.3 billion, net income $231 million, EPS $0.39 loss per diluted share.

Period: first quarter 2024
Revenue: $6.3 billion
Net income: $231 million
EPS: $0.39 loss per diluted share
Result: reported results

Exact text from the filing

Southwest Airlines Co. (NYSE: LUV) (the "Company") today reported its first quarter 2024 financial results: • Net loss of $231 million, or $0.39 loss per diluted share • Net loss, excluding special items 1 , of $218 million, or $0.36 loss per diluted share • Record first quarter operating revenues of $6.3 billion

View on SEC.gov

364 earnings releases filed in the last 30 days. Browse all earnings releases →

SOUTHWEST AIRLINES CO filing history →

Source: SEC EDGAR

accession 0000092380-24-000053

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.