{"schema_version":"secwatch.filing_event.v1","accession":"0000092380-24-000121","form_type":"8-K","ticker":"LUV","cik":"0000092380","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2024-09-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.387481+00:00","generated_at":"2026-05-31T01:44:43.570767+00:00","sec_items":["7.01","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Southwest announces $2.5B buyback, shifts to assigned seating, targets $4B EBIT by 2027","bullets":["Board authorized $2.5B share repurchase program, replacing May 2019 program.","Q3 2024 RASM guidance raised to +2-3% YoY (prev. flat to -2%); economic fuel cost per gallon lowered to $2.50-$2.60.","Company to introduce assigned seating (sales H2 2025, flights H1 2026) and premium seating with extra legroom on ~1/3 of seats.","Financial targets: ~$4B cumulative incremental EBIT by 2027 and after-tax ROIC >=15% in 2027.","Global partnership with Icelandair expected in 2025 via Baltimore; intends to add at least one more partner in 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0000092380-24-000121","json":"https://secwatch.observer/filing/0000092380-24-000121.json","markdown":"https://secwatch.observer/filing/0000092380-24-000121.md","text":"https://secwatch.observer/filing/0000092380-24-000121.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/92380/000009238024000121/0000092380-24-000121-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/92380/000009238024000121/luv-20240926.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T01:44:43.570767+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"}