{"schema_version":"secwatch.filing_event.v1","accession":"0000092380-24-000098","form_type":"8-K","ticker":"LUV","cik":"0000092380","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2024-06-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.509786+00:00","generated_at":"2026-06-01T02:03:20.380589+00:00","sec_items":["7.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Southwest cuts Q2 RASM guidance to down 4.0-4.5% vs prior down 1.5-3.5%","bullets":["RASM now expected down 4.0-4.5% YoY; prior view was 1.5-3.5% decline; still forecasts all-time quarterly record operating revenue.","Q2 capacity up 8-9% YoY; Q3 low-single-digit increase, Q4 low- to mid-single-digit decrease; full year ~4% rise.","Economic fuel cost guidance unchanged at $2.70-$2.80/gal; CASM-X up 6.5-7.5% YoY.","Completion factor ~99.5% in Q2 despite challenging weather; early lease returns shifted ~$9M debt repayments.","Company to share full strategic plan at Investor Day in September 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0000092380-24-000098","json":"https://secwatch.observer/filing/0000092380-24-000098.json","markdown":"https://secwatch.observer/filing/0000092380-24-000098.md","text":"https://secwatch.observer/filing/0000092380-24-000098.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/92380/000009238024000098/0000092380-24-000098-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/92380/000009238024000098/luv-20240626.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T02:03:20.380589+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}