---
schema_version: "secwatch.filing_event.v1"
accession: "0000092380-24-000108"
form_type: "8-K"
ticker: "LUV"
cik: "0000092380"
company_name: "SOUTHWEST AIRLINES CO"
filed_at: "2024-07-25T23:59:59+00:00"
generated_at: "2026-05-31T16:35:08.121166+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Southwest Q2 net income $367M ($0.58 EPS); announces assigned seating, redeye flights

## Summary
- Net income $367M ($0.58 diluted EPS); record revenue $7.4B but unit revenue down 3.8% YoY.
- Q3 RASM guidance flat to down 2% YoY; Q4 capacity to decrease 4% YoY; expects positive unit revenue inflection by Q4.
- To assign seats and offer premium extended-legroom seating (~1/3 of seats); open seating ended after 50+ years.
- Intro of redeye flights starting Feb 2025 on 5 routes; expects to fund nearly all new capacity without incremental aircraft capital.
- Ryan Green named EVP Commercial Transformation to lead new initiatives; Investor Day set for late September.

## SEC filing metadata
- accession: 0000092380-24-000108
- form_type: 8-K
- ticker: LUV
- cik: 0000092380
- company_name: SOUTHWEST AIRLINES CO
- filed_at: 2024-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/92380/000009238024000108/0000092380-24-000108-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/92380/000009238024000108/luv-20240725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000092380-24-000108
- JSON: https://secwatch.observer/filing/0000092380-24-000108.json
- Plain text: https://secwatch.observer/filing/0000092380-24-000108.txt

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