secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHWEST AIRLINES CO (LUV)
CIK:        0000092380
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0000092380-24-000145
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Southwest Q3 net income $67M ($0.11 EPS); record revenue $6.9B; launches $250M buyback
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- Diluted EPS $0.11; adjusted EPS $0.15; operating revenues $6.9B, up 5.3% YoY.
- Announced $250M accelerated share repurchase under $2.5B authorization.
- Q4 guidance: RASM up 3.5-5.5%, CASM-X up 11-13%, capacity down ~4% YoY.
- ROIC target of at least 15% by 2027; cost savings plan on track for $500M run rate in 2027.
- Ended Q3 with $9.4B cash and $1.4B net cash position; 811 aircraft at quarter-end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/92380/000009238024000145/0000092380-24-000145-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92380/000009238024000145/luv-20241024.htm
  HTML page:      https://secwatch.observer/filing/0000092380-24-000145

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