---
schema_version: "secwatch.filing_event.v1"
accession: "0000092380-24-000053"
form_type: "8-K"
ticker: "LUV"
cik: "0000092380"
company_name: "SOUTHWEST AIRLINES CO"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T09:05:24.687268+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%).

## SEC filing metadata
- accession: 0000092380-24-000053
- form_type: 8-K
- ticker: LUV
- cik: 0000092380
- company_name: SOUTHWEST AIRLINES CO
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/92380/000009238024000053/0000092380-24-000053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/92380/000009238024000053/luv-20240425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000092380-24-000053
- JSON: https://secwatch.observer/filing/0000092380-24-000053.json
- Plain text: https://secwatch.observer/filing/0000092380-24-000053.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/92380/000009238024000053/0000092380-24-000053-index.htm

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