secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHWEST AIRLINES CO (LUV)
CIK:        0000092380
Form:       8-K
Filed at:   2024-06-26T23:59:59+00:00
Accession:  0000092380-24-000098
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/92380/000009238024000098/0000092380-24-000098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92380/000009238024000098/luv-20240626.htm
  HTML page:      https://secwatch.observer/filing/0000092380-24-000098

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