---
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"
generated_at: "2026-06-01T02:03:20.380589+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Southwest cuts Q2 RASM guidance to down 4.0-4.5% vs prior down 1.5-3.5%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000092380-24-000098
- JSON: https://secwatch.observer/filing/0000092380-24-000098.json
- Plain text: https://secwatch.observer/filing/0000092380-24-000098.txt

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