secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHWEST AIRLINES CO (LUV)
CIK:        0000092380
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0000092380-24-000053
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/92380/000009238024000053/0000092380-24-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92380/000009238024000053/luv-20240425.htm
  HTML page:      https://secwatch.observer/filing/0000092380-24-000053

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